What was the total revenue for Remax in the year ending December 31, 2024?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| As of December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Assets | ||||
| Current assets: | ||||
| Cash and cash equivalents | $ 93,434 | $ | 79,173 | |
| Restricted cash | 72,668 | 43,140 | ||
| Accounts and notes receivable, current portion, net | 27,971 | 34,410 | ||
| Income taxes receivable | 470 | 826 | ||
| Other current assets | 13,115 | 14,901 | ||
| Total current assets | 207,658 | 172,450 | ||
| Property and equipment, net | 7,578 | 8,633 | ||
| Operating lease right of use assets | 17,778 | 23,013 | ||
| Franchise agreements, net | 81,186 | 101,516 | ||
| Other intangible assets, net | 13,382 | 19,167 | ||
| Goodwill | 237,239 | 241,164 | ||
| Other assets, net of current portion | 5,565 | 7,083 | ||
| Total assets | $ 570,386 | $ | 573,026 | |
| Liabilities and member's equity | ||||
| Current liabilities: | ||||
| Accounts payable | $ 5,674 | $ | 4,512 | |
| Accrued liabilities | 110,654 | 107,324 | ||
| Income taxes payable | 541 | 766 | ||
| Deferred revenue | 22,848 | 23,077 | ||
| Current portion of debt | 4,600 | 4,600 | ||
| Operating lease liabilities | 8,556 | 7,920 | ||
| Total current liabilities | 152,873 | 148,199 | ||
| Debt, net of current portion | 436,243 | 439,980 | ||
| Deferred tax liabilities, net | 8,448 |
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the total revenue for the year ending December 31, 2024, was $307,685. This figure represents the sum of several revenue streams, including continuing franchise fees, annual dues, broker fees, marketing funds fees, and franchise sales and other revenue.
For a prospective Remax franchisee, understanding the composition of this total revenue is crucial. It provides insight into the various fees that Remax collects from its franchisees and other sources. The largest components of the total revenue are continuing franchise fees and marketing funds fees, which suggests that a significant portion of Remax's income is derived from ongoing support and brand promotion activities.
It's also important to note the other revenue streams, such as annual dues, broker fees, and franchise sales. These revenue streams can fluctuate based on market conditions and the overall performance of the Remax franchise system. Franchisees should consider these factors when evaluating the potential profitability of a Remax franchise and the stability of the franchisor's revenue.
By examining these revenue components, potential franchisees can gain a better understanding of Remax's financial health and its reliance on various income sources. This information can be valuable in assessing the long-term viability of the franchise opportunity.