What were the franchise fees for City Wide International, Inc. in 2024?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
nancial Statements December 31, 2024, 2023, and 2022**
Note 10. Subsequent Events
Subsequent events have been evaluated through March 20, 2025, which is the date the consolidated financial statements were available to be issued.
City Wide Franchise Company, Inc. & Subsidiaries Consolidating Schedule – Balance Sheet December 31, 2024
| | City Wide Franchise Company, Inc. | City Wide Franchise of Canada, Inc. | City Wide Franchise International, Inc. | Eliminating Entries | 2024 Consolidated | |----------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, City Wide International, Inc. did not record any franchise fees in 2024. The provided financial statement shows that City Wide International, Inc.'s franchise fees were listed as "$ -" for the year 2024.
This indicates that City Wide International, Inc., a subsidiary of City Wide Franchise Company, Inc., did not generate revenue from franchise fees during that specific year. This could be due to various factors, such as no new franchises being sold under that particular entity, or a different revenue recognition method being applied.
A prospective franchisee should investigate the reasons for this lack of franchise fee revenue with City Wide to understand the financial activities and performance of City Wide International, Inc. within the broader City Wide franchise system. Understanding the revenue streams and financial health of each entity can provide a clearer picture of the overall franchise operation.