What were the total revenues for City Wide in 2023?
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 2023 were $37,076,596. This figure represents the sum of royalties, franchise fees, and other franchise goods and services revenue generated by City Wide during that year.
For a prospective franchisee, this indicates the overall financial scale of City Wide and its revenue streams. It shows the brand's ability to generate income through various channels, which can be a positive sign of a healthy and established franchise system. A franchisee can compare this revenue figure with those of previous years to assess the company's growth trajectory and stability.
It's important to note that this is the total revenue for City Wide as a whole and not the revenue of an individual franchise location. A potential franchisee should review Item 19 of the FDD to understand the financial performance of existing franchise units and how their own potential revenue might compare.