What was the total number of City Wide franchise outlets transferred to new owners in 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| California | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Connecticut | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| New Jersey | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Illinois | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| New York | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Pennsylvania | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Florida | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| TOTAL | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, there were a total of 3 franchise outlets transferred to new owners in 2023. This number is derived from a table that tracks such transfers across different states and years.
Specifically, the table provides a breakdown of transfers in California, Connecticut, New Jersey, Illinois, New York, Pennsylvania, and Florida. In 2023, California and Connecticut each had 1 transfer, while New York also recorded 1 transfer. The other listed states did not have any transfers during that year.
It's important for potential franchisees to note these figures as they provide insight into the stability and transferability of City Wide franchises. A higher number of transfers could indicate a more active market for resales, but it could also signal potential issues with franchise performance or franchisee satisfaction. Prospective franchisees should investigate the reasons behind these transfers as part of their due diligence.