What was the gain on sale-leaseback transactions for Christian Brothers Automotive in 2023?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
Christian Brothers Automotive Corporation (CBAC or the Company), a Texas subchapter S corporation, is a national franchisor of automobile repair establishments located throughout the United States of America. CBAC was formed in August 1982 and had 302 and 281 independent franchises in operation at December 31, 2024 and 2023, respectively. In addition to franchising operations, CBAC engages in the business of investing in, owning and selling the real estate and facilities from which its franchise locations operate. These real estate sales are typically made to third parties, some of which are under saleleaseback agreements.
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
I am unable to provide the gain on sale-leaseback transactions for Christian Brothers Automotive in 2023, according to the 2025 Franchise Disclosure Document. While the document mentions that Christian Brothers Automotive engages in the business of investing in, owning, and selling real estate and facilities, often through sale-leaseback agreements, it does not specify the financial details or gains from these transactions in the provided excerpts. A prospective franchisee should ask the franchisor for specific financial data related to gains from sale-leaseback transactions during the years covered by the financial statements to fully understand this aspect of the company's financial performance.