What years are covered in the City Wide Franchise Company, Inc.'s consolidated financial statements?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit A are the audited financial statements of CITY WIDE for the fiscal years ending on December 31, 2022, December 31, 2023 and December 31, 2024, with the independent auditor's reports attached.
EXHIBIT A
FRANCHISE DISCLOSURE DOCUMENT CITY WIDE FRANCHISE COMPANY, INC. FINANCIAL STATEMENTS
City Wide Franchise Company, Inc. & Subsidiaries
Independent Auditor's Report, Consolidated Financial Statements, and Supplementary Information
December 31, 2024, 2023, and 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the attached audited financial statements cover the fiscal years ending December 31, 2022, December 31, 2023, and December 31, 2024. These statements provide a comprehensive look at the company's financial performance and position over the three-year period. The inclusion of three years' worth of data allows prospective franchisees to identify trends and assess the financial stability of City Wide.
Specifically, the consolidated financial statements include the Consolidated Statements of Income and Comprehensive Income, Consolidated Statements of Cash Flows, and Consolidated Balance Sheets for the years ending December 31, 2022, 2023 and 2024. These statements are crucial for understanding City Wide's revenue, expenses, profitability, cash flow, assets, and liabilities. The financial statements also include supplementary information and notes, offering further details on the company's accounting practices, estimates, and potential risks.
An independent auditor has audited these consolidated financial statements. Their report expresses an opinion on the fairness of City Wide's financial presentation in accordance with accounting principles generally accepted in the United States of America. This audit provides an additional level of assurance to potential franchisees regarding the reliability of the financial information presented. Reviewing these audited statements is a critical step for anyone considering investing in a City Wide franchise.