What was the net revenue for Big O Tires in fiscal year 2023?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying notes are an integral part of these consolidated financial statements.
(A Joint Venture of Michelin North America, Inc. and Sumitomo Corporation of Americas) Notes to Consolidated Financial Statements March 31, 2025, 2024 and 2023
(USO in thousands, unless otherwise noted)
1. Nature of Business and Basis of Presentation
Operations
TBC Holdings, LLC and subsidiaries ("Holdings" or the "Company") is one of the United States' largest independent marketers of tires for the automotive replacement market. The Company's operating activities are comprised of its franchise and wholesale divisions. The Company operates or acts as a franchisor of retail tire and automotive service centers throughout the United States of America, Canada, Europe, and other countries under the following trade names: Big O Tires ("Big O") and Midas. The Company operates as a wholesaler of tires and automotive parts primarily in the United States of America, Canada, and Mexico under the following trade names: TBC Brands, NlW, and TBC de Mexico. As of March 31, 2025, the Company had 461 franchised Big O stores, operated 147 warehouse locations, and had 1,167 Midas stores included in assets held for sale. As of March 31, 2024, the Company had effectively sold, closed, or disposed of all its retail locations and had 1,623 franchised stores and operated 149 warehouse locations. As of March 31, 2023, the Company had a total of 2,246 retail locations, consisting of 595 Companyoperated locations included in discontinued operations, 28 Company-operated locations included in continuing operations, 2 mobile operations, and 1,621 franchised stores. The Company operated 151 warehouse locations as of March 31 , 2023.
Ownership Structure
Source: Item 23 — RECEIPTS (FDD pages 102–535)
What This Means (2025 FDD)
I am unable to provide the net revenue for Big O Tires for the fiscal year 2023 based on the 2025 Franchise Disclosure Document excerpts. While the document includes consolidated financial statements and discusses the nature of Big O Tires' business, it does not explicitly state the net revenue for the specified fiscal year. The document does provide information on the number of franchised and company-operated stores, as well as warehouse locations, for the years 2023, 2024, and 2025.
Specifically, the 2025 FDD states that as of March 31, 2023, Big O Tires had 1,621 franchised stores, 595 company-operated locations included in discontinued operations, 28 company-operated locations included in continuing operations, and 2 mobile operations. The company also operated 151 warehouse locations as of March 31, 2023. This information provides a snapshot of the company's operational scale during that period, but it does not offer any insight into the financial performance or net revenue for that year.
A prospective franchisee should directly ask Big O Tires for their net revenue in fiscal year 2023 to gain a better understanding of the company's financial performance. Understanding the revenue trends can help potential franchisees assess the financial health and stability of the franchise system.