What were the total operating costs and expenses 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 |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the total operating costs and expenses for 2022 were $96,373,233. This figure is comprised of several components, including the cost of revenues, selling, general, and administrative expenses, and compensation expenses associated with the Employee Stock Ownership Plan (ESOP). Understanding these individual components can provide a clearer picture of where the company's money is being spent.
The cost of revenues for Christian Brothers Automotive in 2022 was $40,601,283, representing the direct costs associated with providing their services. Selling, general, and administrative expenses amounted to $41,565,152, covering a broad range of overhead costs such as marketing, salaries, and office expenses. Additionally, compensation expenses related to the ESOP totaled $14,206,798, reflecting the company's investment in employee benefits and ownership.
For a prospective franchisee, understanding these operating costs is crucial for projecting profitability and managing their own business finances. Monitoring these expenses and comparing them against industry benchmarks can help franchisees identify areas for improvement and ensure the financial health of their Christian Brothers Automotive location. Note that these figures reflect the consolidated financial performance of the entire Christian Brothers Automotive Corporation and may not directly translate to the operating costs of an individual franchise location.