What was the comprehensive excess of revenues over expenses attributable to non-controlling interests for Bw Premier Collection in 2022 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
Consolidated Statements of Revenues and Expenses
| (in thousands) | 2023 | Years Ended November 30, 2022 | |
|---|---|---|---|
| REVENUES: | |||
| Fees, dues and assessments | $ 293,536 | $ 276,766 | |
| Program revenues | 180,273 | 165,915 | |
| Other revenues | 62,787 | 51,199 | |
| TOTAL REVENUES | 536,596 | 493,880 | |
| EXPENSES: | |||
| Compensation, taxes and benefits | 197,303 | 175,005 | |
| Advertising and promotion | 121,415 | 105,950 | |
| Depreciation and amortization | 18,162 | 14,748 | |
| General and administrative | 88,222 | 77,477 | |
| Program cost of sales | 19,540 | 16,531 | |
| TOTAL EXPENSES | 444,642 | 389,711 | |
| Net realized and unrealized gains (losses) on investments | 12,414 | (1,391) | |
| Interest and dividend income, and interest expense, net | 12,150 | 2,160 | |
| Excess of revenues over expenses before income taxes | 116,518 | 104,938 | |
| Income tax provision | (27,498) | (17,169) | |
| Excess of revenues over expenses | 89,020 | 87,769 | |
| Excess of expenses over revenues | |||
| attributable to non-controlling interests | 299 | 310 | |
| EXCESS OF REVENUES OVER EXPENSES | |||
| ATTRIBUTABLE TO BEST W |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the excess of expenses over revenues attributable to non-controlling interests was $310,000 in 2022. This figure represents the portion of Bw Premier Collection's losses that are allocated to entities or individuals who own less than a controlling interest in the company's consolidated subsidiaries.
For a prospective franchisee, this information provides insight into the financial structure and the distribution of profits and losses within Bw Premier Collection's network. Non-controlling interests typically arise when Bw Premier Collection owns less than 100% of a subsidiary, and the remaining ownership is held by outside investors. The allocation of expenses to these non-controlling interests reduces the net income attributable to Bw Premier Collection itself.
It is important to note that this figure reflects the excess of expenses over revenues specifically allocated to non-controlling interests, not the overall profitability of Bw Premier Collection. Franchisees should consider this information in conjunction with other financial data provided in the FDD, such as total revenues, expenses, and net income, to gain a comprehensive understanding of Bw Premier Collection's financial performance and stability. Reviewing these figures over multiple years, as presented in the table, can also reveal trends and potential areas of concern or strength.