What amount did Christian Brothers Automotive have in reacquired franchise rights as of December 31, 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
Between January and October 2024, the Company and Foedus Sui, LLC, a consolidated variable-interest entity, entered into four transactions to acquire assets from the Company's franchise operators. These transactions included reacquiring the Company's franchise rights. Additionally, in September 2024, Foedus completed another transaction, acquiring 100% ownership of a franchise business.
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Christian Brothers Automotive indicates that between January and October 2024, Christian Brothers Automotive and Foedus Sui, LLC engaged in transactions to acquire assets from existing franchise operators. These transactions specifically included reacquiring the company's franchise rights. Foedus Sui, LLC is identified as a consolidated variable-interest entity. In September 2024, Foedus completed another transaction, acquiring 100% ownership of a franchise business.
However, the excerpt does not specify the exact monetary value of the reacquired franchise rights as of December 31, 2024. While it confirms that such transactions occurred, it omits the financial details regarding the value of these reacquired rights.
A prospective franchisee should inquire directly with Christian Brothers Automotive about the total value of reacquired franchise rights on their balance sheet as of December 31, 2024. Understanding this figure can provide insights into the company's strategy regarding franchise ownership and its financial implications.