What was the cost of revenues for Christian Brothers Automotive in 2023?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
lders' equity | $ 663,061,823 | $ 576,351,339 |
Consolidated Statements of Income Years Ended December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Reven |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the cost of revenues for 2023 was $42,731,504. This figure represents the direct expenses associated with providing the services at Christian Brothers Automotive locations.
Understanding the cost of revenues is crucial for prospective franchisees as it directly impacts the profitability of their location. It is important to note that this figure is part of the consolidated financial statements, reflecting the overall performance of Christian Brothers Automotive and not necessarily the expenses of an individual franchise.
Reviewing the cost of revenues in relation to the total revenues provides insight into the efficiency of operations. In 2023, Christian Brothers Automotive had revenues of $137,196,643. The cost of revenues represents a significant portion of the total revenue, highlighting the importance of managing these costs effectively to maximize profits. A prospective franchisee should compare these figures with industry benchmarks and the performance of existing franchisees to assess the potential profitability of a Christian Brothers Automotive franchise.