What was the total value of City Publications' assets as of December 31, 2023?
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.
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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 | 34,306 | |
| 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 |
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 as of December 31, 2023, were valued at $55,916. This figure is derived from the balance sheet included in the FDD, which provides a snapshot of the company's financial position at that specific point in time. The assets are categorized into current assets, such as cash and accounts receivable, and non-current assets, including property, equipment, and other assets.
For a prospective City Publications franchisee, understanding the asset value can offer insights into the financial stability and scale of the franchisor. A relatively low asset value might suggest that the company is not heavily invested in physical infrastructure or has a different business model that relies more on intangible assets or outsourced services. However, it's crucial to consider this figure in conjunction with other financial metrics, such as liabilities, revenues, and profitability, to get a comprehensive view of the company's financial health.
It is also important to note that the asset value represents the financial position of City Publications Franchise Group, Inc. itself, and not necessarily the financial performance or asset values of individual franchise locations. Franchisees will need to build their own asset base as they establish and operate their City Publications businesses. Therefore, while the franchisor's asset value provides some context, prospective franchisees should focus more on the potential revenue, expenses, and profitability of their own franchise operations when making investment decisions.