factual

What is the dependency for City Wide to begin training?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

Training will not begin until Franchisee has obtained financing or shown sufficient assets to satisfy CITY WIDE of Franchisee's ability to meet its financial obligations under the Agreement, and Franchisee has started the online City Wide YOU training program.

Source: Item 22 — CONTRACTS (FDD page 65)

What This Means (2025 FDD)

According to City Wide's 2025 Franchise Disclosure Document, City Wide will not begin training until the franchisee has obtained financing or shown sufficient assets to satisfy City Wide of the franchisee's ability to meet its financial obligations under the Franchise Agreement. Additionally, the franchisee must have started the online City Wide YOU training program.

This means that a prospective City Wide franchisee must demonstrate financial stability and begin preliminary online training before participating in the more extensive initial training program. This requirement protects City Wide by ensuring that franchisees are prepared to meet their financial commitments. It also ensures franchisees are serious about the franchise and have a basic understanding of the City Wide system before investing further time and resources into training.

For a prospective franchisee, this implies that securing financing or demonstrating sufficient assets is a critical first step. They should also promptly begin the online City Wide YOU training program to avoid delays in the training process. The franchisee should be prepared to provide documentation and evidence to City Wide to prove their financial capabilities. This could include bank statements, loan approvals, or other financial records. Franchisees should also allocate time to complete the online training program before the scheduled in-person training.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.