What were the total revenues for City Wide Franchise of Canada Inc. in 2024?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
nancial Statements December 31, 2024, 2023, and 2022**
Note 10. Subsequent Events
Subsequent events have been evaluated through March 20, 2025, which is the date the consolidated financial statements were available to be issued.
City Wide Franchise Company, Inc. & Subsidiaries Consolidating Schedule – Balance Sheet December 31, 2024
| City Wide Franchise Company, Inc. | City Wide Franchise of Canada, Inc. | City Wide Franchise International, Inc. | Eliminating Entries | 2024 Consolidated | |
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash and cash equivalents | $ 23,966,250 | $ 307,078 | $ - | $ - | $ 24,273,328 |
| Accounts receivable, net of allowance | |||||
| 2024 - $158,554, 2023 - $0, 2022 - $0 | 6,233,968 | 223,313 | - | (1,067,650) | 5,389,631 |
| Notes receivable, current maturities | 97,482 | - | - | - | 97,482 |
| Deferred franchise costs, current portion | 152,894 | 6,600 | - | - | 159,494 |
| Prepaid expenses | 961,105 | - | 7,076 | - | 968,181 |
| Inventory | 16,768 | - | - | - | 16,768 |
| Total current assets | 31,428,467 | 536,991 | 7,076 | (1,067,650) | 30,904,884 |
| Property and Equipment, net | 1,390,853 | - | - | - | 1,390,853 |
| Right-of-Use Asset - Operating Leases, net | 604,257 | - | - | - | 604,257 |
| Other Assets | |||||
| Notes receivable, le |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, City Wide Franchise of Canada, Inc. had total assets of $588,491 in 2024. The document also shows that City Wide Franchise Company, Inc. had total revenues of $44,142,002 in 2024.
However, the provided financial statements do not explicitly state the total revenues for City Wide Franchise of Canada, Inc. for the year 2024. The financial information is presented in a consolidated format, making it impossible to determine the exact revenue figures for the Canadian subsidiary from this document.
A prospective franchisee should request specific revenue figures for City Wide Franchise of Canada, Inc. directly from the franchisor to gain a clearer understanding of the financial performance of the Canadian operations. Understanding the Canadian subsidiary's revenue is crucial for assessing the potential market and financial viability of a City Wide franchise in Canada.