What was the average gross sales for a City Wide franchise in 2023?
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, the average gross sales for a City Wide franchise in 2023 was $7,839,821. This data is based on 85 City Wide franchisees who met specific criteria, including operating under a standard franchise agreement for at least a full 12-month period by December 31, 2023, submitting required royalty fee reports, and operating continuously between January 1, 2023, and December 31, 2023. It is important to note that 31 out of these 85 franchisees met or exceeded this average.
This average gross sales figure is derived from sales records and reports generated by City Wide's required accounting software, submitted by franchisees. These records reflect the prices charged for City Wide services by the managers or owners of each franchise. While City Wide believes the data to be accurate, it has not been audited or independently verified by the company.
For a prospective franchisee, this financial performance representation provides an estimate of what can be achieved. However, it is essential to understand that this is just an average, and individual results may vary significantly. Factors such as location, market conditions, management skills, and local economic factors can influence a franchise's actual performance. The FDD also presents the high, low, and median gross sales figures, offering a broader picture of potential revenue outcomes.
Prospective franchisees should carefully review the entire Item 19 and consider requesting substantiation for the financial performance representation from City Wide. Additionally, speaking with current and former franchisees can provide valuable insights into the potential financial performance of a City Wide franchise. Understanding the criteria used to determine the average and the range of sales figures is crucial for making an informed investment decision.