What were the total 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
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 198 196 214 | ||
| Interest expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 153 151 113 | ||
| (Gain) loss on the early extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (7) (169) 96 | ||
| Other income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |||
| Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,828 5,758 7,231 |
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 total expenses for the company were reported for the years 2022, 2023, and 2024. These figures offer insight into the financial management and operational costs of the franchise system. All figures are in millions.
In 2022, Better Homes And Gardens Real Estate reported total expenses of $7,231 million. This was followed by $5,758 million in 2023, indicating a decrease in expenses from the previous year. The most recent figure available is for 2024, with total expenses amounting to $5,828 million, showing a slight increase compared to 2023 but still significantly lower than 2022.
These expenses encompass various operational costs, including commission and other agent-related costs, operating expenses, marketing expenses, general and administrative costs, and other financial items such as depreciation, amortization, and interest expenses. Prospective franchisees should consider these expense trends in relation to revenue trends to assess the overall financial health and efficiency of Better Homes And Gardens Real Estate.