How did City Publications' total revenues change from 2022 to 2024?
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 company's total revenues have increased from 2022 to 2024. In 2022, City Publications had total revenues of $1,140,467. This increased to $1,272,502 in 2023, and further increased to $1,413,271 in 2024.
This steady increase in revenue suggests a positive trend for the company. Potential franchisees may view this as an indicator of a healthy and growing franchise system. The increase in revenue could be attributed to various factors, such as an increase in the number of franchises, improved performance of existing franchises, or a combination of both.
It's important for prospective franchisees to investigate the reasons behind these revenue changes. Understanding the factors driving revenue growth can help them assess the sustainability of this trend and make informed decisions about investing in a City Publications franchise. While the increasing total revenues are a positive sign, prospective franchisees should also consider other financial metrics and factors, such as operating expenses and net income, to get a comprehensive understanding of the company's financial health.