factual

What is the estimated range for additional funds needed for a City Wide franchise?

City_Wide Franchise · 2025 FDD

Answer from 2025 FDD Document

  • (21) Additional Funds: This is the amount of working capital projected as sufficient to cover operating expenses for the first three months.

You may need additional working capital beyond the first three months, which is not included in the range in the above table.

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–24)

What This Means (2025 FDD)

According to City Wide's 2025 Franchise Disclosure Document, the estimated range for additional funds is $75,000 to $150,000. These funds are intended to cover operating expenses for the first three months of operation. These additional funds are estimates and the actual amount needed may vary. These funds are paid to various providers, suppliers, and employees.

This amount is in addition to all other initial investment costs detailed in Item 7 of the FDD, such as the initial franchise fee, territory fee, and technology provisioning fee. It is important to note that you may need additional working capital beyond the first three months, which is not included in this estimated range. Therefore, it's crucial to carefully assess your financial situation and project potential expenses beyond the initial three-month period.

Prospective City Wide franchisees should consider this additional funds estimate as a critical component of their overall financial planning. Underestimating this amount could lead to financial strain during the early stages of the business. It is advisable to create a detailed budget, taking into account all anticipated expenses, and to consult with a financial advisor to ensure adequate capital is available to support the business through its initial months and beyond.

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.