What was the total value of City Wide's cash and cash equivalents in 2023?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
have not been subjected to the auditing procedures applied in the audit of the consolidated financial statements and accordingly, we do not express an opinion or provide any assurance on it.
Kansas City, Missouri March 20, 2025
**City Wide Franchise Com
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $17,836,030 in 2023. This figure represents the amount of readily available funds City Wide had on hand at the end of that fiscal year.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. It can indicate City Wide's capacity to invest in new technologies, marketing initiatives, or provide assistance during economic downturns.
However, it's important to consider this figure in context. Franchisees should compare City Wide's cash and cash equivalents to its liabilities and overall financial performance. A high cash balance alongside significant debt might not be as reassuring as a similar balance with minimal liabilities. Reviewing trends over several years, as presented in the table, provides a more comprehensive view of City Wide's financial health.