Does City Wide's lease agreement contain any material residual value guarantees?

According to City Wide's 2025 Franchise Disclosure Document, the company's lease agreement does not contain any material residual value guarantees. This means that City Wide is not obligated to guarantee the value of the leased property at the end of the lease term. This is a standard practice, as residual value guarantees can create financial risks for the lessee.

For a prospective City Wide franchisee, this information is relevant because it indicates that the lease agreements City Wide enters into for its own office space do not include clauses that would require City Wide to cover any potential shortfall if the property's value decreases by the end of the lease. This reduces the financial risk associated with leasing for City Wide.

This statement refers specifically to City Wide's corporate leases and not necessarily to leases that a franchisee might enter into for their own business operations. Franchisees should carefully review the terms of any lease agreements they enter into and seek professional advice to understand their obligations and potential risks.