What were the total distributions for City Wide Company, Inc. & Subsidiaries in 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| City | Wide Franc | chise | Company, | Inc. & Subsidiari | ies | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Class A Class B | dditional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total | ||||||
| Balance January 1, 2022 | $ | 2,100 | $ | 210,000 | $ | 366,366 | $ 15,459,388 | $ | (5,506) | $ 16,032,348 |
| Net income | - | - | - | 10,941,550 | - | 10,941,550 | ||||
| Other comprehensive income | - | - | - | - | 26,999 | 26,999 | ||||
| Distributions | (8,431,640) | (8,431,640) | ||||||||
| Balance December 31, 2022 | 2,100 | 210,000 | 366,366 | 17,969,298 | 21,493 | 18,569,257 | ||||
| Net income | - | - | - | 14,196,288 | - | 14,196,288 | ||||
| Other comprehensive loss | - | - | - | - | (6,653) | (6,653) | ||||
| Distributions | (21,712,635) | (21,712,635) | ||||||||
| Balance December 31, 2023 | 2,100 | 210,000 | 366,366 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the total distributions for City Wide Franchise Company, Inc. & Subsidiaries in 2023 were $21,712,635. This figure represents the amount of money or assets distributed from the company to its owners or shareholders during that year. Distributions can take various forms, including dividends, profit sharing, or returns of capital.
For a prospective City Wide franchisee, understanding the company's distribution history can offer insights into its financial management and profitability. A high distribution amount may indicate strong financial performance and a willingness to share profits with owners. However, it's also important to consider the company's overall financial health and whether the distributions are sustainable in the long term.
Franchisees should also consider how these distributions might impact the company's ability to reinvest in the business, support franchisees, or weather economic downturns. While distributions are a positive sign, it's crucial to evaluate them in the context of the company's overall financial strategy and stability. Reviewing the complete financial statements and consulting with a financial advisor can provide a more comprehensive understanding of the implications of these distributions.