What was the Accumulated Deficit for Better Homes And Gardens Real Estate at January 1, 2022?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
Separate stand-alone financial statements of us (Better Homes and Gardens Real Estate LLC) are not included in this disclosure document. Should we fail to fulfill our obligations to our franchisees, however, Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC, absolutely and unconditionally guarantee to fulfill those obligations. Copies of the Guarantees of Performance are included in Exhibit F. We file state specific guarantees of performance with the appropriate agencies in the states where our licenses are registered to be offered and sold.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 75–76)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the financial statements provided are those of Better Homes and Gardens Real Estate LLC's parent companies, Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC. The FDD includes the consolidated statements of operations, comprehensive loss, balance sheets, cash flows, and equity for the years ended December 31, 2024, 2023, and 2022. These statements offer a broad view of the financial performance and position of the parent companies.
However, the FDD explicitly states that separate, stand-alone financial statements for Better Homes and Gardens Real Estate LLC itself are not included in the document. Instead, Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC provide guarantees to fulfill the obligations of Better Homes and Gardens Real Estate LLC to its franchisees. These guarantees are included as exhibits in the FDD.
Therefore, the accumulated deficit for Better Homes and Gardens Real Estate LLC as of January 1, 2022, is not disclosed in this document. A prospective franchisee should request these specific financial statements from the franchisor to gain a clear understanding of the financial health of Better Homes and Gardens Real Estate itself, rather than relying solely on the parent companies' consolidated statements.