What were the total revenues for City Wide in 2022?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 Franchise Company, Inc. & Subsidiaries Consolidated Statements of Income and Comprehensive Income Years Ended December 31, 2024, 2023, and 2022
| | 2024 | 2023 | 2022 | |----------------------------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the total revenues for the company in 2022 were $29,990,099. This figure represents the combined income from royalties, franchise fees, and other services provided to franchisees. Understanding the revenue trend is crucial for potential franchisees as it indicates the financial health and growth trajectory of the City Wide franchise system.
The revenues are broken down into three categories. Royalties accounted for $20,595,555, franchise fees totaled $620,722, and other franchise goods and services contributed $8,773,822 to the total revenue in 2022. These figures provide insight into how City Wide generates its income, with royalties being the most significant component. Franchisees should consider these revenue streams when evaluating the potential return on investment and the overall stability of the franchise.
Analyzing these figures in comparison to subsequent years (2023 and 2024) can reveal growth patterns and potential areas of strength or weakness within the franchise system. For instance, a prospective franchisee might want to investigate the reasons behind any significant changes in revenue from franchise fees or other services, as these could indicate shifts in the company's strategies or market conditions. This information is valuable for making an informed decision about investing in a City Wide franchise.