What was the balance of Class A for City Wide on January 1, 2022?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Class A | Class B | Capital | Earnings | Income (Loss) | Total | |
|---|---|---|---|---|---|---|
| Balance January 1, 2022 | $ 2,100 | $ 210,000 | $ 366,366 | $ 15,459,388 | $ (5,506) | $ 1 6,032,348 |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the balance of Class A on January 1, 2022, was $2,100. The document provides a breakdown of various financial classes, including Class A, Class B, Capital, Earnings, and Income (Loss), detailing the changes in these balances over time. This information is part of the company's consolidated financial statements.
The table in Item 23 of the FDD outlines the beginning and ending balances for each class, along with any net income, other comprehensive income or loss, and distributions that occurred during the year. For a prospective franchisee, this provides a snapshot of the financial structure of City Wide and how different classes of capital contribute to the overall financial health of the company.
Understanding the different classes of capital and their balances can be crucial for franchisees as it reflects the financial stability and management of City Wide. Reviewing these figures over several years, as presented in the FDD, can give potential franchisees insight into the financial trends and how profits are distributed within the company. This information can help in assessing the long-term viability and potential returns of investing in a City Wide franchise.