For the Christian Brothers Automotive Schedule 19.1A table, what does the symbol '>=' mean?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
Set forth in this Schedule 19.1A are the average Net Sales (as defined below in Note 2) for the year ending December 31, 2024 for the 280 franchisee-owned CBA stores that were open for the entire year of 2024, based upon the below indicated sales ranges. This table includes all stores that were open before January 1, 2024, and does not include any of the 22 stores that were opened in 2024. When reading the below table, the symbol ">=" means greater than or equal to and the symbol "<" means less than.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 62–69)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, when reviewing the financial performance representations in Schedule 19.1A, the symbol '>=' means "greater than or equal to". This clarification is provided to help prospective franchisees understand the sales ranges presented in the table. The data in Schedule 19.1A pertains to the average Net Sales for 280 franchisee-owned Christian Brothers Automotive stores that operated for the entirety of 2024. The table specifically excludes the 22 stores that opened during 2024.
This definition is important for interpreting the financial performance data accurately. For example, if a sales range is listed as '>=$1,000,000', it means the data includes all stores with net sales at or above one million dollars. This allows potential franchisees to gauge the performance of existing locations and understand the potential revenue scenarios for their own franchise.
Christian Brothers Automotive provides this clarification to ensure transparency and avoid misinterpretations of the financial data. Prospective franchisees should carefully review Schedule 19.1A, along with the accompanying notes and definitions, to gain a comprehensive understanding of the financial performance of existing Christian Brothers Automotive locations. Understanding these symbols and definitions is a crucial part of the due diligence process before investing in a franchise.