What was the value of City Wide's notes receivable, less current maturities, in 2024?

According to City Wide's 2025 Franchise Disclosure Document, the value of notes receivable, less current maturities, was $4,133,296 in 2024. This figure represents the amount City Wide expects to collect from franchisees and other parties on promissory notes, excluding the portion due within the next year.

Notes receivable are offered to franchisees to support net working capital needs in the form of a promissory note. The company also holds a note receivable from their principal stockholder. These notes accrue interest based on the terms of the respective note agreements. City Wide states these notes at the outstanding principal amount, net of allowance for credit loss on notes, if any.

For a prospective franchisee, this indicates that City Wide provides financial support to franchisees through promissory notes, which can help with initial capital requirements. However, franchisees should be aware that these notes accrue interest and represent a financial obligation to City Wide. The absence of an allowance for credit losses on notes for 2024, 2023, and 2022 suggests that City Wide considers these notes to be relatively secure, but this is still subject to change based on individual credit evaluations and circumstances of the borrower.