What was the Class A balance for City Wide as of 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 Class A balance as of January 1, 2022, was $2,100. The document also provides balances for Class B, Capital, Earnings, Income (Loss), and Total, offering a comprehensive view of the company's financial status at the beginning of 2022. This information is crucial for prospective franchisees as it provides insight into the financial health and structure of City Wide.
Understanding the different classes of stock and their respective balances can help a franchisee assess the equity distribution and potential influence of different stakeholders within the company. The Class A balance, while small compared to other categories like Earnings, is still a component of the overall financial picture.
Reviewing these figures in conjunction with other financial data, such as net income, distributions, and comprehensive income, allows potential franchisees to evaluate City Wide's profitability and how earnings are allocated. It's important to consider these figures in the context of the company's growth and strategic decisions. Prospective franchisees should seek clarification from City Wide regarding the rights and privileges associated with each class of stock to fully understand the implications of these balances.