What was the total balance for City Wide as of December 31, 2024?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Class A | Class B | Capital | Earnings | Income (Loss) | Total | |
|---|---|---|---|---|---|---|
| Balance December 31, 2024 | $ 2,100 | $ 210,000 2024 | $ 366,366 2023 | $ 13,031,512 2022 | $ 54,347 | $ 1 3,664,325 |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the total balance as of December 31, 2024, was $13,664,325. This figure is derived from several components, including Class A assets of $2,100, Class B assets of $210,000, capital of $366,366, earnings of $13,031,512 and income of $54,347.
For a prospective City Wide franchisee, this balance sheet information provides a snapshot of the company's financial health and stability. Reviewing these figures over the three-year period (2022-2024) can reveal trends in City Wide's financial performance, such as growth in earnings or changes in asset values. Understanding the components of the total balance, like the breakdown between different asset classes and earnings, can offer insights into the company's financial structure.
However, it's important to note that this total balance is just one aspect of City Wide's overall financial picture. A potential franchisee should also consider other factors, such as liabilities, cash flow, and revenue, to gain a comprehensive understanding of the company's financial standing. Consulting with a financial advisor to analyze these statements is advisable before making any investment decisions.