What were the franchise fees for Better Homes And Gardens Real Estate in the provided years?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Financing Activities | |||
| Net change in Revolving Credit Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 205 | (65) | 350 |
| 0 | Program Summary s and Specialty Awards | ||
| Meetings an | |||
| • | The Better Retreat | ||
| • | GreenNation | ||
| CHAPTER 6 | S: PROGRAMS AND SERVICES 46 | 12 | |
| Marketing M | laterials, Support and Tools | ||
| • | BHGRE® MARKETING CENTER | ||
| • | Print Marketing Center | ||
| • | PinPoint SM | ||
| • | Magazine Subscriptions | ||
| • | Advertising Discounts | ||
| • | Social Media | ||
| • | Social Media Advertising Campaign | ||
| • | Marketing Templates, Photo Library and Brand ID Guide | ||
| • | Brand Presentations | ||
| • | Video | ||
| • | SEO, SEM, and Citations Support | ||
| • | The Better Homes and Gardens Real Estate Customer Satisfaction Survey Text BHGRE® BHGRE MOVES® BHGRE® CONNECT | ||
| Talent Attrac | |||
| LeadRouter | ™ and LeadsEngine™ | ||
| MoxiWorks ® | |||
| Referral Ser | e Better University® mmunications | ||
| Brand Help | |||
| Services and | |||
| • | Optional Services and Products | ||
| • | Essential Services and Products | ||
| Listing Distri | ibution | ||
| Better Home | es and Gardens® Real Estate Brand Family | ||
| • | Better Homes and Gardens® Real Estate Urban Properties | ||
| • | Better Homes and Gardens® Real Estate Commercial | ||
| • | Distinctive Collection by Better Homes and Gardens Real Estate® | ||
| • | Better Homes and Gardens® Real Estate Waterfront Collection | ||
| • | Better Homes and Gardens® Real Estate Ranch & Resor |
Source: Item 23 — RECEIPTS (FDD pages 76–362)
What This Means (2025 FDD)
According to Better Homes And Gardens Real Estate's 2025 Franchise Disclosure Document, the franchise fees, as part of the company's revenues, were $356 million in 2024, $351 million in 2023, and $417 million in 2022. These figures represent the income Better Homes And Gardens Real Estate receives from its franchisees for the right to operate under its brand and system. It's important to note that these figures reflect the total franchise fees collected across the entire Better Homes And Gardens Real Estate system, not the initial franchise fee paid by individual franchisees.
For a prospective franchisee, this data indicates the financial scale of the Better Homes And Gardens Real Estate franchise system and the contribution of franchise fees to the company's overall revenue. While this information doesn't detail the specific fees a new franchisee would pay, it provides a sense of the revenue generated through franchising. Understanding the overall financial health and revenue streams of a franchisor is crucial for potential franchisees.
It is important for potential franchisees to review Item 5 and Item 6 of the FDD to understand the specific initial fees, ongoing royalties, and other payments required to operate a Better Homes And Gardens Real Estate franchise. This information, combined with the overall franchise fee revenue, can help a prospective franchisee assess the financial obligations and potential profitability of the franchise opportunity.