What was the total value of City Wide's other assets as of December 31, 2024?

According to City Wide's 2025 Franchise Disclosure Document, the company's total other assets amounted to $6,587,381 as of December 31, 2024. This figure is a consolidated value that includes the assets of City Wide Franchise Company, Inc., City Wide Franchise of Canada, Inc., and City Wide Franchise International, Inc. after eliminating intercompany transactions.

Specifically, the 'other assets' category comprises several components. These include notes receivable (less current maturities) valued at $4,133,296, deferred franchise costs (net of current portion) at $712,044, and the cash surrender value of life insurance policies at $1,742,041. These assets are distinct from current assets like cash, accounts receivable, and prepaid expenses, as well as property, equipment, and right-of-use assets.

For a prospective City Wide franchisee, understanding the composition and valuation of these 'other assets' provides insight into the financial structure of the franchisor. It reflects the long-term investments and deferred costs that City Wide carries on its balance sheet. While these assets may not be immediately liquid, they represent resources that support the ongoing operations and future growth of the franchise system. Franchisees may want to inquire about the nature of the notes receivable and the terms of the life insurance policies to fully understand their potential impact.