What was the total balance for City Wide as of January 1, 2022?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Class A | Class B | Capital | Earnings | Income (Loss) | Total | |
|---|---|---|---|---|---|---|
| Balance January 1, 2022 | $ 2,100 | $ 210,000 | $ 366,366 | $ 15,459,388 | $ (5,506) | $ 1 6,032,348 |
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 January 1, 2022, was $16,032,348. This figure represents the sum of several components, including Class A assets of $2,100, Class B assets of $210,000, capital of $366,366, earnings of $15,459,388, and a loss of $5,506.
For a prospective franchisee, this balance provides a snapshot of City Wide's financial health at the beginning of 2022. It's important to note that this total balance is a combination of different asset classes and also includes a loss, which is factored into the overall figure. Understanding the composition of this balance can offer insights into where City Wide's financial strengths and weaknesses may lie.
It is also important to consider how this balance changed over time. The document shows the net income, other comprehensive income, and distributions that occurred throughout the year, ultimately affecting the balance at the end of 2022. Reviewing these changes alongside the initial balance can provide a more comprehensive understanding of City Wide's financial performance during that period.