As of December 31, 2023, how many City Wide franchisees were operating in the City Wide system?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
- (1) As of December 31, 2023, CITY WIDE had 98 CITY WIDE franchisees operating in the CITY WIDE System. Of the total number of CITY WIDE franchisees operating, 85 CITY WIDE franchisees met all of the following criteria ("Average 2023 Gross Sales Reporting Criteria"): each CITY WIDE franchise was operated under a standard Franchise Agreement, had been open and operating for at least one full 12 month period by December 31, 2023 ("Average 2023 Gross Sales Reporting Period"), had submitted required Royalty Fee reports, and had operated continuously during the period between January 1, 2023 and December 31, 2023. The results of the remaining 14 CITY WIDE franchisee did not satisfy one or more of the Average 2023 Gross Sales Reporting Criteria. All CITY WIDE franchisees that satisfied the Average 2023 Gross Sales Reporting Criteria are included in this table.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 48–58)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, as of December 31, 2023, there were 98 City Wide franchisees operating within the City Wide system. However, not all of these franchisees met the criteria for inclusion in the average gross sales reporting.
Specifically, to be included in the "Average 2023 Gross Sales Reporting Criteria", a City Wide franchisee needed to operate under a standard Franchise Agreement, have been open for at least 12 months by December 31, 2023, submit required Royalty Fee reports, and operate continuously between January 1, 2023, and December 31, 2023. Of the 98 franchisees, 85 met these criteria.
The financial performance representations in Item 19 are based on data self-reported by franchisees and have not been audited by City Wide. A prospective franchisee should consider this when evaluating the data and conduct their own due diligence, including speaking with current and former franchisees, to validate the information.