What was the total revenue for Aplus' All Other Segment in 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
Disaggregation of Revenue
We operate our business in two primary segments, Fuel Distribution and Marketing and All Other. We disaggregate revenue within the segments by channels.
The following table depicts the disaggregation of revenue by channel within each segment:
| Year Ended December 31, | ||||
|---|---|---|---|---|
| 2023 | 2022 | 2021 | ||
| Fuel Distribution and Marketing Segment | ||||
| Distributor | $ 9,621 | $ 10,938 | $ | 8,388 |
| Dealer | 4,013 | 4,735 | 3,599 | |
| Unbranded wholesale | 6,865 | 7,098 | 3,144 | |
| Commission agent | 1,409 | 1,737 | 1,438 | |
| Non-motor fuel sales | 148 | 140 | 82 | |
| Lease income | 139 |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus' 2024 Franchise Disclosure Document, the total revenue for the All Other segment in 2023 was $873. This segment includes motor fuel sales of $617, non-motor fuel sales of $244, and lease income of $12. The All Other segment also encompasses Aplus' credit card services, franchise royalties, and retail operations in Hawaii and New Jersey.
The revenues from the All Other segment contribute to Aplus' overall financial performance. In 2023, Aplus' total revenue, combining both Fuel Distribution and Marketing and All Other segments, amounted to $23,068. The Fuel Distribution and Marketing segment accounted for $22,195 of this total. This demonstrates that while the Fuel Distribution and Marketing segment is the larger revenue generator, the All Other segment provides a significant contribution.
Prospective franchisees should understand the composition of the All Other segment and how it generates revenue. The diversification into credit card services, franchise royalties, and retail operations may offer stability and growth opportunities beyond traditional fuel distribution. Understanding the performance of each component within the All Other segment can help franchisees assess the potential for revenue generation and identify areas for improvement or expansion within their own operations.