What were the impairments for Better Homes And Gardens Real Estate in the provided years?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| Commission and other agent-related costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,718 3,664 4,415 |
|---|---|
| Operating . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,125 1,147 1,377 |
| Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 195 215 252 |
| General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 392 422 388 |
| Former parent legacy cost, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2 18 1 |
| Restructuring costs, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 32 49 32 |
| Impairments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 20 65 483 |
| Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 198 196 214 |
| Interest expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 153 151 113 |
| (Gain) loss on the early extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (7) (169) 96 |
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 brand experienced impairments in 2022, 2023, and 2024. Impairments represent a reduction in the carrying value of an asset on the company's balance sheet, typically due to a decline in its fair market value. These figures are reported in millions of dollars.
In 2022, Better Homes And Gardens Real Estate reported impairments of $483 million. This was followed by $65 million in 2023, and $20 million in 2024. These values reflect the scale of write-downs or losses recognized by the company during those years.
For a prospective franchisee, these figures offer insight into the financial challenges and asset valuations within the Better Homes And Gardens Real Estate system. While impairments don't directly impact day-to-day franchise operations, they can reflect broader economic conditions or strategic decisions affecting the brand's overall financial health. It would be prudent for potential franchisees to inquire about the specific factors contributing to these impairments and how Better Homes And Gardens Real Estate plans to address them moving forward.