How many City Wide franchises did the franchisor reacquire in New Jersey during 2024?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of the Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased– Operations - Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| New Jersey | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
| 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 1 | 0 | 4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, one franchise was reacquired in New Jersey during 2024. The table provided in Item 20 of the FDD details the number of outlets reacquired from franchisees by state and year. This information is useful for potential franchisees to understand the stability and turnover of franchises within the City Wide system.
Franchise reacquisitions can occur for various reasons, such as the franchisee's inability to manage the business effectively, failure to meet performance standards, or a mutual agreement between the franchisee and City Wide. While one reacquisition in a state doesn't necessarily indicate a systemic problem, it's a point worth investigating further. A prospective franchisee might want to ask City Wide about the reasons for the reacquisition to better assess the risks and opportunities in that specific market.
Understanding the reasons behind franchise reacquisitions, closures, and transfers can provide valuable insights into the health and stability of the City Wide franchise system. It's essential for potential franchisees to review this data carefully and ask detailed questions to the franchisor during their due diligence process. This will help them make an informed decision about whether to invest in a City Wide franchise.