What was the net loss for Better Homes And Gardens Real Estate in 2022?
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 the 2025 Franchise Disclosure Document, the consolidated financial statements of Better Homes And Gardens Real Estate's parent companies, Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC, include the consolidated statements of operations for the year ended December 31, 2022. However, the specific net loss figure for that year is not present in the provided excerpts. Instead, the excerpts focus on revenues and expenses.
While the document does not explicitly state the net loss for 2022, it does provide revenue and expense figures that could be used to calculate it. For the year ended December 31, 2022, net revenues were $6,908 million, and total expenses were $7,391 million. Additionally, the company recorded a loss on the early extinguishment of debt of $96 million. These figures are for the parent company, not specifically for Better Homes and Gardens Real Estate.
A prospective franchisee should request the complete audited financial statements for Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC to determine the actual net loss for 2022. It would also be prudent to ask for any available financial statements specific to Better Homes and Gardens Real Estate LLC to gain a clearer picture of the franchise's financial performance.