How many City Wide franchises were newly established in 2022?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Franchises Operating, Beginning of Year | 93 | 84 | 68 |
| Newly Established Franchises | 6 | 9 | 16 |
| Repurchased Franchises | - | - | - |
| Terminated Franchises | - | - | - |
| Franchises Operating, End of Year | 99 | 93 | 84 |
| New Established Franchises Since End of Year | - | - | 1 |
| Franchises Operating, Financial Statement Issue Date | 99 | 93 | 85 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, there were 16 newly established franchises in 2022. This number reflects the growth of the City Wide franchise system during that year. This information is based on the consolidated financial statements which include all City Wide Franchise Company, Inc. and its subsidiaries.
For a prospective franchisee, this figure indicates the rate at which City Wide was expanding its network. A higher number of new franchises could suggest strong demand for the services offered by City Wide and effective franchise sales and onboarding processes. However, it's important to consider this number in conjunction with other factors, such as the number of terminated or repurchased franchises, to get a complete picture of the system's health and stability.
It is also worth noting that this number does not include franchises operating in Canada. In 2022, there were two franchises operating in Canada that are owned and operated by the principal stockholder of City Wide. These franchises are not reflected in the table provided. Therefore, the total number of new City Wide franchises established and operating in 2022 is actually higher than the 16 reported in the table.