What documentation can City Wide request to verify the Manager's ownership interest?

According to City Wide's 2025 Franchise Disclosure Document, if a franchisee appoints a Manager to handle daily operations, City Wide reserves the right to request documentation verifying the Manager's ownership interest. The Manager must hold at least a 20% ownership interest in the franchisee's business. This requirement ensures that the Manager has a vested interest in the success of the franchise and is aligned with City Wide's goals.

This condition is important for prospective franchisees to consider, as they must ensure that their appointed Manager meets this ownership requirement. The franchisee will need to be prepared to provide the necessary documentation to City Wide to verify the Manager's ownership stake. This could include, but is not limited to, partnership agreements, stock certificates, or LLC membership agreements.

City Wide also requires the Manager to meet the current qualifications for new franchisees and reside full-time, year-round, within the Designated Territory. Additionally, the Manager must sign the Guaranty and Assumption of Obligations, the Confidentiality Agreement, and the Non-Compete Agreement. City Wide retains the right to modify the criteria for Manager appointments, so franchisees should stay informed of any changes. This ensures that the Manager is fully committed to the business and understands their obligations to City Wide.