What were the total revenues for City Wide in 2024 before eliminating entries?
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 | |
|---|---|---|---|
| Revenues | |||
| Royalties | $ 29,465,788 | $ 24,303,311 | $ 20,595,555 |
| Franchise fees | 545,350 | 825,418 | 620,722 |
| Other franchise goods and services | 14,130,864 | 11,947,867 | 8,773,822 |
| Total revenues | 44,142,002 | 37,076,596 | 29,990,099 |
| Expenses | |||
| Advertising and marketing | 1,111,167 | 986,941 | 754,532 |
| Cost of service and supplies | 3,445,053 | 3,578,645 | 2,378,710 |
| Depreciation | 999,912 | 1,063,068 | 1,095,919 |
| Dues and subscriptions | 308,813 | 281,306 | 261,741 |
| Facilities | 330,973 | 313,881 |
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 2024 were $44,142,002. This figure represents the consolidated revenues from various sources, including royalties, franchise fees, and other franchise-related goods and services.
For a prospective City Wide franchisee, this revenue figure provides insight into the overall financial health and scale of the franchise system. It demonstrates the brand's ability to generate income through its various revenue streams. Understanding the composition of this revenue, such as the proportion derived from royalties versus other services, can help a franchisee assess the potential for growth and diversification within their own business.
It's important to note that this is a consolidated figure, reflecting the total revenues across all City Wide entities. While this provides a high-level view, franchisees should also investigate the revenue trends and performance at the individual franchise level to gain a more granular understanding of potential earnings. Reviewing the growth in total revenues from 2022 ($29,990,099) to 2024 ($44,142,002) indicates a positive trend for the company.