In what state were the most City Wide franchise transfers to new owners in 2024?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| California | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Connecticut | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| New Jersey | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Illinois | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| New York | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Pennsylvania | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Florida | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| TOTAL | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 5 |
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, in 2024, multiple states had one franchise transfer to a new owner. These states include California, Illinois, New Jersey, Pennsylvania, and Florida. Therefore, there is no single state with the most transfers, as several states are tied with one transfer each.
It is important to note that franchise transfers represent existing City Wide businesses being sold to new franchisees. This can occur for various reasons, such as the original franchisee retiring or deciding to pursue other ventures. A prospective franchisee might view transfers as an opportunity to acquire an established business with existing clients and revenue streams, although it's crucial to investigate the reasons behind the transfer and conduct thorough due diligence.
For a potential City Wide franchisee, understanding the frequency and location of franchise transfers can provide insights into the health and stability of the franchise system in different regions. It may be beneficial to speak with current and former franchisees in the states where transfers have occurred to gain a better understanding of the local market conditions and the reasons for the transfers. This information can help in making an informed decision about where to establish a City Wide franchise.