What was the total Aplus revenue for the 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 | 132 | 127 | |
| Total | 22,195 | 24,780 | 16,778 | |
| All Other Segment | ||||
| Motor fuel | ||||
| 617 | 708 | 583 | ||
| Non-motor fuel sales | 244 | 230 | 224 | |
| Lease income |
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the total revenue for the All Other segment in 2023 was $873. This segment includes the Partnership's credit card services, franchise royalties, and retail operations in Hawaii and New Jersey. This revenue is broken down into motor fuel sales of $617, non-motor fuel sales of $244, and lease income of $12.
For a prospective franchisee, understanding the revenue composition of the All Other segment is crucial as it provides insight into the diverse income streams Aplus generates beyond fuel distribution and marketing. The $873 total revenue indicates the financial performance of these additional services and operations, which could influence strategic decisions regarding resource allocation and business development.
It's important to note that the Fuel Distribution and Marketing segment had a total revenue of $22,642 in 2023, dwarfing the All Other segment's revenue. This highlights the primary focus of Aplus's business. However, the All Other segment still contributes a notable amount, and its components (credit card services, royalties, retail) may offer different risk/reward profiles compared to fuel distribution.
Prospective franchisees should consider how these different segments might interact within their own franchise operations. For example, retail operations in the All Other segment could complement fuel sales, potentially increasing customer traffic and overall profitability. Understanding the dynamics between these segments can help franchisees make informed decisions and optimize their business strategies.