For which fiscal years are the audited financial statements of City Wide included in Exhibit A?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit A are the audited financial statements of CITY WIDE for the fiscal years ending on December 31, 2022, December 31, 2023 and December 31, 2024, with the independent auditor's reports attached.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the audited financial statements for the fiscal years ending December 31, 2022, December 31, 2023, and December 31, 2024 are included in Exhibit A. This provides prospective franchisees with a three-year view of City Wide's financial performance.
The inclusion of these audited financial statements allows potential franchisees to assess the financial stability and performance of City Wide over the recent past. Reviewing these statements can help in understanding revenue trends, expenses, profitability, and overall financial health.
It is important for a prospective franchisee to carefully examine these financial statements and consider consulting with a financial advisor to fully understand the implications. This review should include analyzing the independent auditor's report and the notes to the financial statements, as these provide additional context and explanations of the figures presented.