What were the other franchise goods and services revenues for City Wide Franchise of Canada Inc. in 2024?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 10,452,951 | 17,969,298 | | Total stockholders' equity | 13,664,325 | 11,046,257 | 18,569,257 | | Total liabilities and stockholders' equity | $ 39,487,375 | $ 33,801,707 | $ 35,090,119 |
City Wide Franchise Company, Inc. & Subsidiaries Consolidated Statements of Income and Comprehensive Income Years Ended December 31, 2024, 2023, and 2022
| | 2024 | 2023 | 2022 | |---------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the consolidated financial statements include revenues from various sources, including royalties, franchise fees, and other franchise goods and services. In 2024, City Wide reported total revenues of $44,142,002, which includes $29,465,788 in royalties, $545,350 in franchise fees, and $14,130,864 from other franchise goods and services. These figures represent the combined revenues of City Wide Franchise Company, Inc. and its subsidiaries. The document does not break down the "other franchise goods and services" revenue specifically for City Wide Franchise of Canada, Inc.
A prospective franchisee should note that the financial statements provide a consolidated view of revenues, and the specific contribution of the Canadian franchise to the "other franchise goods and services" category is not separately disclosed. This makes it difficult to assess the Canadian operation's performance in this area independently.
To gain a clearer understanding, a potential franchisee should directly ask City Wide's franchisor for a breakdown of the "other franchise goods and services" revenue for City Wide Franchise of Canada, Inc. This inquiry would help in evaluating the Canadian franchise's performance and potential within the City Wide system. Understanding the composition of this revenue stream is crucial for assessing the overall financial health and growth prospects of the franchise.