Where are City Wide franchisees required to submit reports due to City Wide?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
11.4 Certified Financial Statement. In addition, Franchisee, as well as any guarantor(s) of this Agreement, shall, within thirty (30) days after request from CITY WIDE, deliver to CITY WIDE a financial statement, certified as correct and current, in a form which is satisfactory to CITY WIDE, and which fairly represents the total assets and liabilities of Franchisee and any such guarantor(s).
11.5 Activity Report.
By the tenth (10th) day of each month during the term of this Agreement, Franchisee shall provide CITY WIDE with an end of the month (EOM) activity report for the preceding month in a form approved by CITY WIDE, and as further set forth in the Operating Manual.
- 11.6 Local Advertising Report.
Upon request, Franchisee shall deliver quarterly to CITY WIDE, no later than fifteen (15) days after the end of each of Franchisee's fiscal quarters, a report of the local advertising funds Franchisee spent, along with such supporting materials as may be required by CITY WIDE, on a form approved by CITY WIDE, for the preceding quarter's local advertising.
Franchisee agrees to complete and submit to CITY WIDE on an annual basis a budget and strategic business plan before the end of Franchisee's fiscal year via CITY WIDE's budgeting platform.
Source: Item 22 — CONTRACTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, franchisees are required to submit several reports to City Wide throughout the term of their agreement. Specifically, by the tenth day of each month, franchisees must provide City Wide with an end-of-month activity report for the preceding month. This report must be in a format approved by City Wide and as further detailed in the Operating Manual.
Additionally, upon request, franchisees must deliver a quarterly report of local advertising funds spent to City Wide no later than fifteen days after the end of each of the franchisee's fiscal quarters. This report should include supporting materials as required by City Wide, using a form approved by City Wide, for the preceding quarter's local advertising activities.
Furthermore, franchisees are required to complete and submit to City Wide an annual budget and strategic business plan before the end of the franchisee's fiscal year, utilizing City Wide's budgeting platform. Franchisees, as well as any guarantors of the agreement, must also deliver a financial statement, certified as correct and current, within thirty days of a request from City Wide. This statement must be in a form satisfactory to City Wide and accurately represent the total assets and liabilities of the franchisee and any guarantors.