What were the total receipts for Christian Brothers Automotive for the year ending December 31, 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
d 2023
| 2024 | 2023 | |
|---|---|---|
| Revenues | $ 151,946,558 | $ 137,196,643 |
| Operating Costs and Expenses | ||
| Cost of revenues | 48,621,617 | 42,731,504 |
| Selling, general and administrative expenses | 59,470,531 | 50,507,014 |
| Compensation expense associated with ESOP | 5,089,319 | 10,121,713 |
| Total operating costs and expenses | 113,181,467 | 103,360,231 |
| Income from operations | 38,765,091 | 33,836,412 |
| Other Income (Expense) | ||
| Gains on sale-leaseback transactions | 3,633,369 | 2,044,287 |
| Gains on sale of leased properties | 18,119,450 | 3,613,496 |
| Interest income | 2,547,773 | 1,234,707 |
| Interest expense | (10,391,857) | (6,596,136) |
| Other income, net | 1,219,419 | (293,984) |
| Total other income, net | 15,128,154 | 2,370 |
| Net income before state income taxes | 53,893,245 | 33,838,782 |
| State Income Tax Expense | (780,073) | (1,799,431) |
| Net income | 53,113,172 | 32,039,351 |
| Less Net Income (Loss) Attributable to Noncontrolling Interest | 8,275,053 | (592,784) |
| Net income attributable to Christian Brothers | $ 44,838,119 | $ 31,446,567 |
| Automotive Corporatio |
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 revenues for the year ending December 31, 2024, were $151,946,558. This figure represents the consolidated revenues of Christian Brothers Automotive Corporation. The FDD also provides a comparative figure for the year ending December 31, 2023, which was $137,196,643. This shows an increase in revenue from 2023 to 2024.
For a prospective franchisee, understanding the franchisor's revenue is crucial as it indicates the overall financial health and stability of the Christian Brothers Automotive brand. A growing revenue trend, as seen from 2023 to 2024, can be a positive indicator. However, it is important to note that this is the franchisor's revenue and not necessarily indicative of an individual franchisee's potential earnings. Franchisees should focus on the financial performance representations in Item 19 of the FDD to understand potential revenues and expenses at the franchise level.
In addition to revenues, the FDD also details various operating costs and expenses. For the year 2024, the cost of revenues was $48,621,617, selling, general, and administrative expenses were $59,470,531, and compensation expense associated with ESOP was $5,089,319. Total operating costs and expenses amounted to $113,181,467. These figures provide a comprehensive view of the franchisor's financial operations, allowing potential franchisees to assess the efficiency and profitability of the Christian Brothers Automotive business model. Understanding these costs can help franchisees benchmark their own potential expenses and manage their business effectively.