What were the operating expenses 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 Better Homes And Gardens Real Estate's 2025 Franchise Disclosure Document, the operating expenses for the company were as follows (in millions): In 2024, operating expenses totaled $1,125. In 2023, these expenses were $1,147, and in 2022, they amounted to $1,377. This data reflects the direct costs associated with running the Better Homes And Gardens Real Estate business, not including items like commission, marketing, or administrative overhead.
For a prospective franchisee, understanding these operating expenses is crucial for financial planning. These figures provide insight into the resources Better Homes And Gardens Real Estate allocates to maintain its operations. While these are the franchisor's expenses, franchisees can use this information to benchmark their own potential costs and understand where Better Homes And Gardens Real Estate is investing its resources.
It's important to note that these figures are at the corporate level and may not directly translate to the costs a franchisee will incur. Factors such as location, market conditions, and individual business strategies will significantly influence a franchisee's operating expenses. However, this information offers a valuable high-level view of the financial dynamics within Better Homes And Gardens Real Estate.
Prospective franchisees should also consider these figures in the context of Better Homes And Gardens Real Estate's revenue and other expenses to get a comprehensive understanding of the company's financial health. Comparing these operating expenses over the three years can reveal trends and potential areas of growth or concern.