What were the total revenues for City Wide Franchise Inc. (USA) company in 2024?
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, |
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 sum of royalties, franchise fees, and other franchise goods and services. Royalties accounted for $29,465,788 of the total revenue, while franchise fees contributed $545,350. The remaining $14,130,864 came from other franchise-related goods and services.
For a prospective City Wide franchisee, understanding the revenue streams of the franchisor is crucial. The composition of the total revenue indicates how City Wide generates income, which can directly impact the support and services they provide to franchisees. A significant portion of revenue derived from royalties suggests that City Wide's financial health is closely tied to the success of its franchisees.
It's also worth noting the breakdown of expenses. While the document details the total revenues, it also lists various expenses such as advertising and marketing ($1,111,167), cost of service and supplies ($3,445,053), and professional fees. These figures provide insight into where City Wide invests its resources, which can be an indicator of the support franchisees can expect in areas like marketing and operational assistance. Reviewing these financial statements helps potential franchisees assess the financial stability and resource allocation strategies of City Wide.