What was the amount of realized revenues for reimbursed costs for The Standardx in 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------------------------------|----|------|----------|----|------| | Unrealized gains (losses), net | | | | | | | Net gains (losses) and interest income from marketable securities | $ | 6 | $ 42 | $ | (89) | | held to fund rabbi trusts (1) | | | | | | | Revenues for reimbursed costs (2) | | 2 | 21 | | (42) | | Other income (loss), net (Note 21) | | 4 | 10 | | (37) | | Other comprehensive income (loss) (Note 16) | | (5) | 10 | | (14) | | | | | | | | | Realized gains (losses), net | | | | | | | Net gains (losses) and interest income from marketable securities | $ | 43 | $ 13 | $ | 14 | | held to fund rabbi trusts (1) | | | | | | | Revenues for reimbursed costs (2) | | 21 | 6 | | 7 | | Other income (loss), net (Note 21) | | 1 | (2) | | — |
- (1) Unrealized and realized gains and losses recognized in net gains (losses) and inter
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the realized revenues for reimbursed costs in 2023 amounted to $6. This figure represents the reimbursement of costs that The Standardx incurred on behalf of third-party owners and franchisees. These costs primarily cover payroll at managed properties where The Standardx acts as the employer. They also include expenses related to system-wide services and the loyalty program that The Standardx operates for the benefit of its owners.
For a prospective franchisee, understanding reimbursed costs is crucial because it reflects how The Standardx manages and recovers expenses related to services provided to the franchise network. The fact that The Standardx reports these revenues indicates a level of transparency in how costs are allocated and recovered from franchisees and other owners. This can provide reassurance that expenses are being managed responsibly.
It's important to note that these revenues are specifically for reimbursed costs, meaning they are intended to offset expenses already incurred. This is different from other revenue streams like franchise fees or royalties, which are for services rendered or access to The Standardx's brand and systems. Franchisees should pay attention to how these reimbursed costs are calculated and allocated to ensure they align with the services and support they receive from The Standardx.