What financial statements of City Wide Franchise Company, Inc. & Subsidiaries are included in the audit?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| We | have audited the consolidated | financial statements | of City Wide Franchise | Company, | Inc. & |
|---|---|---|---|---|---|
| Subsidiaries (“the Company”), which comprise the consolidated balance sheets as of December 31, 2024, | |||||
| 2023, | and 2022, and the related | consolidated statements | of income and | comprehensive | income, |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the audit includes the consolidated financial statements of City Wide Franchise Company, Inc. & Subsidiaries. These statements comprise the consolidated balance sheets as of December 31, 2024, 2023, and 2022.
In addition to the balance sheets, the audit also covers the related consolidated statements of income and comprehensive income for the same periods. This provides a detailed overview of the company's financial performance over the past three years.
Prospective franchisees should review these audited financial statements carefully to assess the financial health and stability of City Wide. Understanding the company's financial position is crucial for making an informed investment decision. It is advisable to consult with a financial advisor to fully interpret these statements and their implications.