What was the capital balance 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 capital balance on January 1, 2022, was $366,366. This figure represents the company's capital at the beginning of the year. It is important to note that this is just one element of City Wide's overall financial picture.
This number is part of a larger balance sheet that includes assets, liabilities, and equity. The balance sheet provides a snapshot of City Wide's financial position at a specific point in time. Reviewing the complete balance sheet, along with other financial statements, can provide a more comprehensive understanding of the company's financial health.
Prospective franchisees should carefully examine City Wide's financial statements and consult with a financial advisor to assess the company's financial stability and its implications for their investment. Understanding the capital balance in the context of the overall financial statements is crucial for making an informed decision about investing in a City Wide franchise.