What was the total number of City Wide franchise transfers across all states in 2024?
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 5 franchise transfers across all states in 2024. The FDD provides a table that breaks down the number of transfers by state and year. In 2024, there was 1 transfer in California, 0 in Connecticut, 1 in New Jersey, 1 in Illinois, 0 in New York, 1 in Pennsylvania, and 1 in Florida.
Franchise transfers occur when an existing franchisee sells their business to a new owner, subject to the franchisor's approval. A low number of transfers can be seen as a positive sign, suggesting that franchisees are generally satisfied with their businesses and are not looking to sell. However, transfers can also represent opportunities for new franchisees to enter the system by purchasing an established business with an existing customer base and operating history.
Prospective franchisees should consider the number of transfers in conjunction with other factors, such as the number of terminations and non-renewals, to get a comprehensive understanding of franchisee turnover within the City Wide system. It's also advisable to speak with current and former franchisees to learn more about their experiences and the reasons behind any transfers.