What was the approximate expense for City Wide for the year ended December 31, 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| once the EBITDA targets have been achieved or are probable of being achieved. | ||||||||
|---|---|---|---|---|---|---|---|---|
| Expense for the years | ended December | 31, 2024 | and | 2023 | were approximately | $78,000 | and | $389,000, |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the approximate expense for the years ended December 31, 2023, was $389,000.
This figure represents the expenses incurred by City Wide during that fiscal year. For a prospective franchisee, understanding the franchisor's expenses can provide insight into the financial health and stability of the company. It's important to note that this number reflects City Wide's expenses as a whole and not the expenses of individual franchise locations.
Franchisees should consider this information in conjunction with other financial data provided in the FDD, such as revenue, net income, and cash flow statements, to gain a comprehensive understanding of City Wide's financial performance. Additionally, it is advisable to compare these figures with industry benchmarks and the financial performance of other franchise systems to assess the relative strength and potential risks associated with investing in a City Wide franchise.