What was the total revenue for City Publications for the year ended December 31, 2023?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 34,306 | |
| TOTAL LIABILITIES | 560,616 | 141,526 | |
| SHAREHOLDERS' (DEFICIT) | |||
| Common stock, $1 par value, 100,000 shares authorized | |||
| 1,000 shares issued and outstanding | 1,000 | 1,000 | |
| Additional paid-in capital | 17,000 | 17,000 | |
| Retained earnings | 1,902,107 | 1,745,483 | |
| Due from affiliates | (1,994,105) | (1,849,093) | |
| TOTAL SHAREHOLDERS' (DEFICIT) | (73,998) | (85,610) | |
| TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) | $ 486,618 | $ 55,916 |
The accompanying notes are an integral part of these financial statements.
**CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATION
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the total revenues for the year ended December 31, 2023, were $1,272,502. This revenue is comprised of several components, including franchise fees, royalty fees, other revenues, and management fees. Understanding the different revenue streams can provide insight into the financial health and operational activities of City Publications.
Specifically, the revenue breakdown for 2023 includes franchise fees of $305,073, royalty fees of $236,040, other revenues amounting to $445,561, and management fees totaling $285,828. These figures offer a detailed view of how City Publications generates income, with a significant portion coming from franchise and royalty fees, indicating the importance of franchise operations to the company's overall financial performance. The "other revenues" category also represents a substantial contribution, suggesting diversified income sources beyond standard franchise-related fees.
For a prospective franchisee, this information is crucial for evaluating the financial stability and revenue-generating capacity of City Publications. It's important to analyze these figures in conjunction with the associated costs and expenses to determine the overall profitability and potential return on investment. Additionally, comparing these revenue figures with those of previous years (2022 and 2024, which are also provided) can help identify trends and assess the company's growth trajectory. A potential franchisee should further investigate what "other revenues" consist of to fully understand the business model.