Where is the fee structure for the City Wide accounting services outlined?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchisee's monthly Gross Sales, or as outlined in the Operating Manual. Franchisee must make all such payments to
the CITY WIDE Marketing Fund ("Fund"). CITY WIDE or its designee may expend amounts in the Fund by the terms of Section 10 of this Agreement.
- (b) Local Advertising. Franchisee must spend at least $1,200 annually on Franchisee's own advertising and promotion as outlined in the Operating Manual.
- 3.7.3 Accounting Services Fee. Franchisee is required to use Franchisor's financial reporting, bookkeeping and other accounting services for the first twelve (12)
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the fee structure for accounting services is detailed in Exhibit A, which is attached to the Accounting Services Agreement. Franchisees are required to use City Wide's financial reporting, bookkeeping, and other accounting services for the first 12 months after completing the initial training program. The current Accounting Services Fee is $1,500 per month, but this amount may increase depending on the level of services the franchisee elects.
The FDD specifies that the Accounting Services Fee is subject to change based on the terms outlined in the Accounting Services Agreement. Additionally, Exhibit A indicates that pricing is subject to change based upon revenue and business growth needs, as agreed to by both City Wide and the franchisee.
Prospective franchisees should carefully review Exhibit A and the Accounting Services Agreement to understand the full scope of services provided and how the fees may change over time. It is important to discuss any questions or concerns about these fees with City Wide during the due diligence process to ensure a clear understanding of the financial obligations.