What is the total reported value of all assets for City Publications?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
ntial doubt about CITY PUBLICATIONS FRANCHISE GROUP, INC.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control—related matters that we identified during the audit.
Ft. Collins, Colorado April 20, 2025
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED BALANCE SHEETS
| AS OF DECEMBER 31, | |||
|---|---|---|---|
| 2024 | 2023 | ||
| ASSETS: | |||
| CURRENT ASSETS | |||
| Cash and equivalents | $ 469,911 | $ 34,370 | |
| Accounts receivable | 6,166 | 10,184 | |
| TOTAL CURRENT ASSETS | 476,077 | 44,554 | |
| NON-CURRENT ASSETS | |||
| Property and equipment | 2,179 | 3,000 | |
| Other assets | 8,362 | 8,362 | |
| TOTAL ASSETS | $ 486,618 | $ 55,916 | |
| LIABILITIES AND SHAREHOLDERS' (DEFICIT): | |||
| CURRENT LIABILITIES | |||
| Accounts payable | $ 478,790 | $ 84,847 | |
| Non-refundable deferred franchise fees, current | 29,393 | 22,373 | |
| TOTAL CURRENT LIABILITIES | 508,183 | 107,220 | |
| NON-CURRENT LIABILITIES | |||
| Non-refundable deferred franchise fees | 52,433 | 34 |
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the company's total assets were valued at $486,618 as of December 31, 2024, and $55,916 as of December 31, 2023. These figures provide a snapshot of the company's financial health at the close of each of those years. These assets are categorized into current and non-current assets. Current assets include cash and equivalents, which were $469,911 in 2024 and $34,370 in 2023, and accounts receivable, which amounted to $6,166 in 2024 and $10,184 in 2023. Non-current assets consist of property and equipment, valued at $2,179 in 2024 and $3,000 in 2023, and other assets, which remained constant at $8,362 for both years.
The balance sheet also details the liabilities and shareholders' deficit. Current liabilities include accounts payable, which were $478,790 in 2024 and $84,847 in 2023, and non-refundable deferred franchise fees, which were $29,393 in 2024 and $22,373 in 2023. Non-current liabilities are represented by non-refundable deferred franchise fees, amounting to $52,433 in 2024 and $34,306 in 2023. The shareholders' deficit includes common stock, additional paid-in capital, retained earnings, and due from affiliates, resulting in a total shareholders' deficit of ($73,998) in 2024 and ($85,610) in 2023.
For a prospective franchisee, understanding these figures is crucial for assessing the financial stability and overall health of City Publications. A significant difference in asset values between the two years, as seen here, may warrant further investigation to understand the reasons behind the change. Additionally, the presence of a shareholders' deficit could indicate potential financial challenges, requiring careful consideration of the risks involved in investing in the franchise. Reviewing these financial statements in detail, along with consulting with a financial advisor, is advisable for any potential franchisee to make an informed decision.