What were the total expenses 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 total expenses for the year 2023 amounted to $444,642,000. This figure encompasses several categories of expenses, providing a comprehensive view of where the company's money was allocated during that period. Understanding these expenses is crucial for potential franchisees as it sheds light on the financial health and operational costs of Bw Premier Collection.
The expenses are broken down into several key areas. Compensation, taxes, and benefits constituted a significant portion, totaling $197,303,000. Advertising and promotion expenses reached $121,415,000, indicating the company's investment in marketing and brand awareness. Depreciation and amortization accounted for $18,162,000, reflecting the cost of wear and tear on assets and the amortization of intangible assets. General and administrative expenses totaled $88,222,000, covering overhead and administrative functions. Lastly, the program cost of sales was $19,540,000, representing the direct costs associated with delivering Bw Premier Collection's programs.
For a prospective franchisee, this detailed breakdown of expenses offers valuable insights into the financial management and resource allocation strategies of Bw Premier Collection. It allows them to assess the efficiency of operations and understand the relative importance of different expense categories. This information, combined with revenue data, helps in evaluating the overall profitability and sustainability of the franchise model. Franchisees can use this data to benchmark their own performance and identify areas for potential cost optimization within their individual units.