What was the excess of revenues over expenses before income taxes for Bw Premier Collection in 2023?
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 revenues over expenses before income taxes for the year 2023 was $116,518,000. This figure represents the company's earnings before accounting for income taxes. It is calculated by subtracting total expenses from total revenues, but before considering income tax provisions.
For a prospective Bw Premier Collection franchisee, this number provides insight into the overall financial performance of the company. It demonstrates the brand's ability to generate revenue in excess of its expenses. This can be a useful metric when evaluating the financial stability and potential profitability of the franchise.
It is important to note that this figure does not reflect the final profit after taxes, nor does it include other comprehensive income or losses. Franchisees should consider this number in conjunction with other financial data provided in the FDD to gain a comprehensive understanding of Bw Premier Collection's financial health.