What was the 'Average 2024 Gross Sales Reporting Period' for City Wide franchisees?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) As of December 31, 2024, CITY WIDE had 99 CITY WIDE franchisees operating in the CITY WIDE System. Of the total number of CITY WIDE franchisees operating, 93 CITY WIDE franchisees met all of the following criteria ("Average 2024 Gross Sales Reporting Criteria"): each CITY WIDE franchise was operated under a standard Franchise Agreement, had been open and operating for at least one full 12 month period by December 31, 2024 ("Average 2024 Gross Sales Reporting Period"), had submitted required Royalty Fee reports, and had operated continuously during the period between
January 1, 2024 and December 31, 2024. The results of the remaining six CITY WIDE franchisees did not satisfy one or more of the Average 2024 Gross Sales Reporting Criteria. All CITY WIDE franchisees that satisfied the Average 2024 Gross Sales Reporting Criteria are included in this table.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 48–58)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the Average 2024 Gross Sales Reporting Period was between January 1, 2024, and December 31, 2024. To be included in the average gross sales reporting, City Wide franchisees must have operated under a standard Franchise Agreement, been open for at least 12 months by December 31, 2024, submitted the required Royalty Fee reports, and operated continuously during the specified period.
Of the 99 City Wide franchisees operating as of December 31, 2024, 93 franchisees met the Average 2024 Gross Sales Reporting Criteria. The financial performance representations are based on data submitted by franchisees and have not been audited by City Wide.
Prospective franchisees should be aware that these figures represent averages and that an individual franchisee's performance may differ. It is important to conduct thorough due diligence, including speaking with existing franchisees, to understand the potential financial performance of a City Wide franchise.