What was the total amount of City Wide's accounts payable in 2024?

According to City Wide's 2025 Franchise Disclosure Document, the company's total accounts payable for 2024 was $16,356,455. This figure represents the amount City Wide owed to its suppliers and other creditors at the end of the 2024 fiscal year.

Accounts payable is a crucial metric for assessing a company's short-term financial health. A high accounts payable balance could indicate that City Wide is effectively managing its cash flow by delaying payments to suppliers, or it could signal potential difficulties in meeting its short-term obligations. For a prospective franchisee, understanding the accounts payable trend over several years, as presented in the FDD, provides insights into City Wide's financial management practices and its ability to maintain healthy relationships with its vendors.

It's important to note that accounts payable is just one component of City Wide's overall liabilities. The FDD also lists other current liabilities, such as accrued expenses, current portions of operating lease liabilities, and deferred revenue. Reviewing these figures in conjunction with accounts payable offers a more comprehensive view of City Wide's short-term financial obligations. A potential franchisee should analyze these liabilities in relation to City Wide's assets and revenue to assess the company's overall financial stability and its ability to support its franchisees.

Franchisees should consider comparing City Wide's accounts payable to industry benchmarks to determine if the company's financial practices are in line with similar franchise systems. Additionally, it would be prudent to inquire with City Wide about their payment terms with suppliers and their strategies for managing accounts payable to ensure a clear understanding of their financial management practices.