What was the net income for Christian Brothers Automotive in 2022?
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 | |
|---|---|---|
| Revenues | $ 137,196,643 | $ 122,309,502 |
| Operating Costs and Expenses | ||
| Cost of revenues | 42,731,504 | 40,601,283 |
| Selling, general and administrative expenses | 50,507,014 | 41,565,152 |
| Compensation expense associated with ESOP | 10,121,713 | 14,206,798 |
| Total operating costs and expenses | 103,360,231 | 96,373,233 |
| Income from operations | 33,836,412 | 25,936,269 |
| Other Income (Expense) | ||
| Gains on sale-leaseback transactions | 2,044,287 | 920,683 |
| Gains on sale of leased properties | 3,613,496 | 13,994,953 |
| Interest income | 1,234,707 | 859,510 |
| Interest expense | (6,596,136) | (2,497,171) |
| Other income, net | (293,984) | 467,395 |
| Total other income, net | 2,370 | 13,745,370 |
| Net income before state income taxes | 33,838,782 | 39,681,639 |
| State Income Tax Expense | (1,799,431) | (1,535,256) |
| Net income | 32,039,351 | 38,146,383 |
| Less net income attributable to noncontrolling interest | (592,784) | (11, |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the net income attributable to Christian Brothers Automotive Corporation in 2022 was $26,289,964. This figure represents the company's profitability after all revenues, expenses, and taxes were accounted for during that year.
For a prospective franchisee, understanding the franchisor's net income can provide insights into the financial health and stability of the company. A strong net income suggests that Christian Brothers Automotive is operating efficiently and generating profits, which can be a positive indicator for potential franchisees. This information, combined with other financial metrics, can help franchisees assess the overall risk and potential return on investment associated with the franchise.
It's important to note that this net income figure is specifically attributable to Christian Brothers Automotive Corporation and does not reflect the financial performance of individual franchise locations. Franchisees should also review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of the company's financial position and its implications for their investment.