What was the cash and cash equivalents at the beginning of the year for City Wide in 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Increase (Decrease) in Cash and Cash Equivalents | 6,437,298 | (2,330,363) | 8,061,717 | |||
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, Beginning of Year | 17,836,030 | 20,166,393 | 12,104,676 | |||
| Cash and Cash Equivalents, End of Year | $ 24,273,328 | $ 17,836,030 | $ 20,166,393 |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2023 was $20,166,393. This figure represents the amount of readily available funds City Wide had at the start of that year to cover immediate obligations and investments. Franchisees may find this information useful for understanding the financial stability and liquidity of City Wide. A higher cash balance at the beginning of the year generally indicates a stronger financial position.
This number is important for prospective franchisees to consider as it can be indicative of the financial health of the company. A strong cash position can enable City Wide to invest in new technologies, support franchisees, and weather economic downturns. Conversely, a low cash balance might suggest financial constraints that could impact the level of support and resources available to franchisees.
It is important to note that while this figure provides a snapshot of City Wide's financial position at the beginning of 2023, it does not reflect the company's overall financial performance throughout the year. To gain a more comprehensive understanding of City Wide's financial health, prospective franchisees should review the company's complete financial statements, including income statements and cash flow statements, and consult with a financial advisor.