What was the program cost of sales for Bw Premier Collection in 2023, in thousands of dollars?
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 program cost of sales for the year 2023 was $19,540,000. This figure represents the direct expenses Bw Premier Collection incurred to deliver its program services. These costs are a component of the overall expenses, which totaled $444,642,000 in 2023.
Understanding the program cost of sales is crucial for prospective franchisees as it provides insight into the operational efficiency and profitability of Bw Premier Collection's core programs. A lower program cost of sales relative to program revenues could indicate efficient management and potentially higher profit margins. Conversely, a higher cost may suggest areas needing improvement or factors impacting profitability.
For comparison, the program cost of sales in 2022 was $16,531,000. The increase in program cost of sales from 2022 to 2023 should be analyzed in conjunction with the corresponding program revenues to assess the overall financial health and performance trends of Bw Premier Collection's programs. Franchisees should investigate the reasons behind fluctuations in these costs to better understand the financial dynamics of the franchise system.