What is the average Gross Sales figure for City Wide franchisees in 2024, as shown in Table No. 1?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 Gross Sales | 2024 Gross Sales | |
|---|---|---|
| High | $33,406,500 | $51,628,184 |
| Low | $373,591 | $461,984 |
| Median | $4,963,714 | $4,798,193 |
| Average | $7,839,821 | $8,938,134 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 48–58)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, Table No. 1 shows the average Gross Sales for 2024 was $8,938,134. This figure represents the average sales generated by City Wide franchisees who met specific criteria during the twelve-month period ending December 31, 2024. To be included in this calculation, franchisees had to operate under a standard Franchise Agreement, be open for at least a full 12-month period by December 31, 2024, submit required Royalty Fee reports, and operate continuously between January 1, 2024, and December 31, 2024.
It's important to note that not all franchisees were included in this average. Out of 99 City Wide franchisees operating as of December 31, 2024, only 93 met the criteria for inclusion in the average gross sales calculation. The remaining six franchisees did not satisfy one or more of the requirements. This means the reported average is based on a subset of the total franchise system, which prospective franchisees should consider when evaluating this financial performance representation.
Additionally, the FDD specifies that 31 out of the 93 franchisees who met the criteria actually exceeded the average 2024 Gross Sales figure of $8,938,134. This indicates a range of performance among franchisees, with some performing above average and others below. City Wide states that the Average Gross Sales were prepared from sales records and reports generated by their required accounting software and submitted by franchisees. While City Wide believes the data is accurate, they have not independently verified the franchisee-supplied figures.
Prospective franchisees should also be aware that City Wide has written substantiation to support the information in Item 19, which includes Table No. 1. This substantiation is available for review upon reasonable request. Furthermore, the FDD encourages prospective franchisees to contact current or former franchisees listed in the document as a source of information to gain further insight into their experiences and financial performance.