As of December 31, 2024, how many City Wide franchisees were operating in the City Wide System?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) As of December 31, 2024, CITY WIDE had 99 CITY WIDE franchisees operating in the CITY WIDE System. Of the total number of CITY WIDE franchisees operating, 93 CITY WIDE franchisees met all of the following criteria ("Average 2024 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, 2024 ("Average 2024 Gross Sales Reporting Period"), had submitted required Royalty Fee reports, and had operated continuously during the period between
January 1, 2024 and December 31, 2024. The results of the remaining six CITY WIDE franchisees did not satisfy one or more of the Average 2024 Gross Sales Reporting Criteria. All CITY WIDE franchisees that satisfied the Average 2024 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, there were 99 City Wide franchisees operating in the City Wide system as of December 31, 2024. However, not all of these franchisees met the criteria for inclusion in the Average 2024 Gross Sales Reporting.
Of these 99 franchisees, 93 met the "Average 2024 Gross Sales Reporting Criteria". These criteria include operating under a standard Franchise Agreement, being open for at least 12 months by December 31, 2024, submitting required Royalty Fee reports, and operating continuously between January 1, 2024, and December 31, 2024. The remaining six franchisees did not meet all of these requirements.
It's important to note that while 99 franchisees were operating, the financial performance data presented in the FDD may be based on the 93 franchisees who met the specific reporting criteria. This distinction is relevant for prospective franchisees as it highlights that the financial performance representations may not reflect the entire franchisee population.