What were the total franchise fees earned by City Publications in 2024?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying balance sheets of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023 and the related statements of operations, shareholders' (deficit), and cash flows for the years ended December 31, 2024, and 2023, and the notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023, and the results of their operations and their cash flows for the years ended December 31, 2024, and 2023, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
Based on the 2025 City Publications Franchise Disclosure Document, the exact total franchise fees earned by City Publications in 2024 is not explicitly stated. The document includes an independent auditor's report on the financial statements of City Publications Franchise Group, Inc. as of December 31, 2024, and 2023. The report covers the statements of operations, shareholders' deficit, and cash flows for those years. However, it does not break down the specific amount of franchise fees received.
While the FDD includes financial statements and an auditor's report, these documents provide a broad overview of the company's financial position rather than a detailed breakdown of revenue sources. Item 23 includes the financial statements, but it does not specify the total franchise fees earned.
A prospective franchisee should inquire directly with City Publications about the total franchise fees earned during 2024 to gain a clearer understanding of the company's revenue streams and financial performance related to franchising.