What were the total consolidated royalty revenues for City Wide in 2024, after eliminating entries?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||
| Current Liabilities | |||
| Accounts payable | $ 16,356,455 | $ 13,026,131 | $ 9,791,091 |
| Accrued expenses | 1,533,826 | 889,963 | 776,610 |
| Current portion of operating lease liabilities | 188,516 | 182,963 | 180,007 |
| Deferred franchise revenue, current | 740,924 | 692,473 | 605,215 |
| Other deferred income | 715,920 | 358,640 | 225,115 |
| Total current liabilities | 19,535,641 | 15,150,170 | 11,578,038 |
| Long-Term Liabilities | |||
| Operating lease liabilities, less current portion | 976,357 | 1,164,873 | 1,347,836 |
| Deferred franchise revenue, net of current portion | 3,716,533 | 3,618,971 | 3,284,052 |
| Deferred compensation | 895,020 | 780,228 | 310,936 |
| Other liabilities | 276,776 | - | - |
| Refundable advance | 422,723 | 2,041,208 | - |
| Total long-term liabilities | 6,287,409 | 7,605,280 | 4,942,824 |
| Total liabilities | 25,823,050 | 22,755,450 | 16,520,862 |
| Stockholders' Equity | |||
| Common stock | |||
| Class A voting, $.01 par value; 300,000 shares | |||
| authorized, 210,000 shares issued and outstanding | 2,100 | 2,100 | 2,100 |
| Class B nonvoting, $.01 par value; 30,000,000 shares | |||
| authorized, 21,000,000 shares issued and outstanding | 210,000 | 210,000 | 210,000 |
| Additional paid-in capital | 366,366 | 366,366 | 366,366 |
| Accumulated other comprehensive income | 54,347 | 14,840 | 21,493 |
| Retained earnings | 13,031,512 | 10,452,951 | 17,969,298 |
| Total stockholders' equity | 13,664,325 | 11,046,257 | 18,569,257 |
| Total liabilities and stockholders' equity | $ 39,487,375 | $ 33,801,707 | $ 35,090,119 |
**City Wide Fr
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the total consolidated royalty revenues for the company in 2024 amounted to $29,465,788. This figure represents the income City Wide earned from royalties paid by its franchisees during that year. Royalty revenues are a crucial indicator of the health and stability of a franchise system, reflecting the ongoing sales and performance of individual franchise units.
For a prospective City Wide franchisee, this number highlights the revenue-generating capacity of the overall franchise system. Strong royalty revenues suggest that franchisees are performing well, which in turn supports the franchisor's ability to provide ongoing support, training, and brand development. This can be seen as a positive sign, indicating a potentially successful and sustainable business model.
It's important to note that while this figure represents the total royalty revenues, it does not reflect individual franchisee performance or profitability. A prospective franchisee should investigate further to understand the factors that contribute to royalty revenues and how they might impact their own potential earnings. This includes understanding the royalty structure, the performance of existing franchisees, and the overall market conditions in their target territory.