What years are covered by the consolidated balance sheets in the audited financial statements of City Wide Franchise Company, Inc. & Subsidiaries?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| We | have audited the consolidated | financial statements | of City Wide Franchise | Company, | Inc. & |
|---|---|---|---|---|---|
| Subsidiaries (“the Company”), which comprise the consolidated balance sheets as of December 31, 2024, | |||||
| 2023, | and 2022, and the related | consolidated statements | of income and | comprehensive | income, |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the consolidated balance sheets within the audited financial statements cover the years 2022, 2023, and 2024. This means that the financial position of City Wide Franchise Company, Inc. & Subsidiaries is presented as of the end of each of these three years, offering a view of the company's assets, liabilities, and equity over that period.
Prospective franchisees can review these balance sheets to understand the company's financial stability and trends. Analyzing the changes in assets, liabilities, and equity can provide insights into the company's growth, debt management, and overall financial health. For example, a consistent increase in assets and equity could indicate positive growth, while a rise in liabilities might suggest increased borrowing or financial obligations.
It's important for potential franchisees to consult with a financial advisor or accountant to properly interpret these financial statements. A professional can help assess the implications of the balance sheet data and how it might affect the franchisee's investment and the franchisor's ability to support the franchise system. Understanding these financial details is a crucial part of the due diligence process before investing in a City Wide franchise.