What was the net loss for Better Homes And Gardens Real Estate in the provided years?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
uite 160 | Wichita | KS | 67202 | (316) 688-0077 | | Central | 1607 Winchester Avenue | Ashland | KY | 41101 | (304) 201-7653 | | Fern Leaf Group | 2018 Broadway | Paducah | KY | 42001 | (270) 415-5623 | | Rhodes Realty | 1234 Texas Avenue | Alexandria | LA | 71301 | (318) 238-3733 | | Tiger Town | 17461 Jefferson Hwy, Suite A | Baton Rouge | LA | 70817 | (225) 755-7022 | | Rhodes Realty | 104 East Texas Street | Leesville | LA | 71446 | (318) 238-3733 | | Rhodes Realty | 1221 Cocoville Road | Mansura | LA | 71350 | (318) 238-3733 | | Rhodes Realty | 404 Rapides Drive | Natchitoches | LA | 71457 | (318) 238-3733 | | Rhodes Realty | 145 B Main Street | New Iberia | LA | 70560 | (318) 238-3733 | | Rhodes Realty | 2304 Commons Court, Suite 3 | Ruston | LA | 71270 | (318) 238-3733 | | Lindsey Realty | 839 Kings Highway, Suite 225 | Shreveport | LA | 71104 | (318) 990-2737 | | Rhodes Realty | 425 Ashley Ridge, Building 300, Suite 350 | Shreveport | LA | 71106 | (318) 238-3733 | | Veranda Realty | 107 Regency Place, Suite D | West Monroe | LA | 71291 | (318) 325-1869 | | The Shanahan Group | 552 Main Street | Winchester | MA | 01890 | (781) 729-9030 |
| MAKER: | ___________________________ |
|---|---|
| CO-MAKER(S): | ___________________________ |
| HOLDER: | BETTER HOMES AND GARDENS REAL ESTATE LLC |
| PLACE FOR PAYMENT: | 175 PARK AVENUE, MADISON, NJ |
| PRINCIPAL: | $__________________ |
| ANNUAL INTEREST RATE: | 0%, EXCEPT AS DESCRIBED BELOW |
| MATURITY DATE: | December 31, 20__ |
| MAKER: | ___________________________ |
| CO-MAKER(S): | ___________________________ |
| HOLDER: | BETTER HOMES AND GARDENS REAL ESTATE LLC |
| PLACE FOR PAYMENT: | 175 PARK AVENUE, MADISON, NJ |
| PRINCIPAL: | $__________________ |
| ANNUAL INTEREST RATE: | 0%, EXCEPT AS DESCRIBED BELOW |
| MATURITY DATE: | December 31, 20___ |
| and restoration of Debtor’s facilities or Offices (as defined in the Franchise Agreements). | |
| SECTION 5 -- DUTIES | OF SECURED |
| (In millions, except per share data) | |
| Revenues | |
| Gross commission income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |
| Service revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 574 569 793 |
| Franchise fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 356 351 417 |
| Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 133 146 160 |
| Net revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,692 5,636 6,908 |
| Expenses | |
| 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . |
Source: Item 23 — RECEIPTS (FDD pages 76–362)
What This Means (2025 FDD)
According to the 2025 FDD, Better Homes And Gardens Real Estate experienced net losses in 2022, 2023, and 2024. The net loss was $(283) million in 2022, $(98) million in 2023, and $(127) million in 2024. These figures indicate the financial performance of Better Homes And Gardens Real Estate over the three-year period.
These losses may be concerning for potential franchisees. It is important to note that these figures reflect the overall performance of Better Homes And Gardens Real Estate and not necessarily the performance of individual franchise locations. Prospective franchisees should carefully review the financial statements and consider the factors contributing to these losses.
Understanding the reasons behind these losses is crucial. Factors such as market conditions, operating expenses, and strategic investments could influence the company's profitability. A prospective franchisee should inquire about the specific strategies Better Homes And Gardens Real Estate is implementing to address these losses and improve financial performance.
While net losses can raise concerns, they do not automatically disqualify a franchise opportunity. Many factors contribute to a company's financial performance, and a thorough investigation is essential. A potential franchisee should seek professional financial advice and carefully evaluate the risks and rewards before investing in a Better Homes And Gardens Real Estate franchise.