What were the selling, general, and administrative expenses 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 | |
|---|---|---|
| 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 company's selling, general, and administrative expenses for the year 2023 were $50,507,014. This figure is part of the consolidated financial statements audited by an independent auditor. These expenses are a key component of the company's overall operating costs and expenses.
Selling, general, and administrative (SG&A) expenses typically include a wide range of costs associated with running the business, such as salaries, marketing, rent, utilities, and other overhead costs. For a prospective franchisee, understanding this figure is crucial as it provides insight into the financial health and operational efficiency of Christian Brothers Automotive. A higher SG&A may indicate higher operational costs, which could impact the profitability of individual franchise locations.
It's also important to note that this figure is part of the consolidated financial statements, which include the financial performance of Christian Brothers Automotive's subsidiaries, such as WWK Warranty and Administration LLC and Foedus Sui, LLC. Therefore, the SG&A expenses reflect the overall costs of running the entire Christian Brothers Automotive organization, not just the franchising operations. Franchisees should consider this in the context of the revenues and other expenses to assess the overall financial performance of the company.