What was the domestic loss for Better Homes And Gardens Real Estate in 2023?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit F includes the consolidated financial statements of our parent companies Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC as follows:
Audited Consolidated Financial Statements
- Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022;
- Consolidated Statements of Comprehensive Loss for the years ended December 31, 2024, 2023 and 2022;
- Consolidated Balance Sheets as of December 31, 2024 and 2023;
- Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022;
- Consolidated Statements of Equity for the years ended December 31, 2024, 2023 and 2022; and
- Notes to Consolidated Financial Statements
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 Better Homes And Gardens Real Estate's 2025 Franchise Disclosure Document, Item 21 includes the consolidated financial statements of its parent companies, Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC. These statements include the Consolidated Statements of Operations for the years ended December 31, 2024, 2023, and 2022, as well as the Consolidated Statements of Comprehensive Loss for the same periods. However, the document explicitly states that separate, stand-alone financial statements for Better Homes and Gardens Real Estate LLC itself are not included. Therefore, the specific domestic loss for Better Homes And Gardens Real Estate in 2023 is not detailed in this FDD.
While the FDD does not provide the specific loss figure for Better Homes And Gardens Real Estate, it does include a guarantee of performance from Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC. This guarantee ensures that the parent companies will fulfill the obligations of Better Homes And Gardens Real Estate LLC to its franchisees should the franchisor fail to do so. This guarantee offers a level of financial security to franchisees, as the parent companies are ultimately responsible for upholding the franchise agreements.
Prospective franchisees should note that the absence of specific financial statements for Better Homes And Gardens Real Estate LLC makes it difficult to assess the brand's individual financial performance. To gain a clearer understanding of the financial health of Better Homes And Gardens Real Estate, potential franchisees should consider asking the franchisor for more detailed financial information during their due diligence process. This could include requesting internal financial reports or seeking clarification on the allocation of revenues and expenses within the consolidated financial statements of the parent companies.