What were the net revenues for Better Homes And Gardens Real Estate in the provided years?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| (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 |
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 net revenues for the company were $5,692 million in 2024, $5,636 million in 2023, and $6,908 million in 2022. This information is crucial for prospective franchisees as it provides a clear picture of the brand's overall financial performance over the past three years. Analyzing these figures helps potential investors understand the revenue trends and stability of Better Homes And Gardens Real Estate.
Specifically, the document also breaks down the revenue streams. In 2024, 2023, and 2022, Better Homes And Gardens Real Estate generated service revenues of $574 million, $569 million, and $793 million, respectively. Franchise fees contributed $356 million in 2024, $351 million in 2023, and $417 million in 2022. Additional income categorized as 'Other' amounted to $133 million in 2024, $146 million in 2023, and $160 million in 2022.
Furthermore, the FDD outlines various expenses incurred by Better Homes And Gardens Real Estate. These include commission and other agent-related costs, operating expenses, marketing expenses, and general and administrative costs. For instance, commission and agent-related costs were $3,718 million in 2024, $3,664 million in 2023, and $4,415 million in 2022. Understanding both the revenue and expense sides allows potential franchisees to assess the financial health and operational efficiency of Better Homes And Gardens Real Estate.