What were The Standardx's total revenues for the three months ended March 31, 2024?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Three Months Ended March 31, 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Management and franchising | Owned and leased | Distribution | Segment Total | Eliminations | Total | |||
| Base management fees | $ 107 | $ | — | $ — | $ 107 | $ (9) | $ 98 | |
| Incentive management fees | 68 | — | — | 68 | (4) | 64 | ||
| Franchise and other fees | 102 | — | — | 102 | (2) | 100 | ||
| Gross fees | 277 | — | — | 277 | (15) | 262 | ||
| Rooms and packages | — | 194 | — | 194 | (7) | 187 | ||
| Food and beverage | — | 83 | — | 83 | — | 83 | ||
| Other | — | 39 | — | 39 | — | 39 | ||
| Owned and leased | — | 316 | — | 316 | (7) | 309 | ||
| Distribution | — | — | 319 | 319 | — | 319 | ||
| Other revenues | 9 | — | 26 | 35 | — | 35 | ||
| Segment revenues | 286 | 316 | 345 | 947 | (22) | 925 | ||
| Contra revenue | (13) | — | — | (13) | — | (13) | ||
| Revenues for reimbursed costs | 802 | — | — | 802 | — | 802 | ||
| Total revenues | $ 1,075 | $ | 316 | $ 345 | $ 1,736 | $ (22) | $ 1,714 |
Source: Item 1 — Financial Statements. (FDD pages 156–187)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the total revenues for the three months ended March 31, 2024, were $1,714. This figure is derived from a combination of revenues from management and franchising ($286), owned and leased properties ($316), and distribution ($345), which sum to a segment revenue of $947. Additionally, revenues for reimbursed costs totaled $802. After accounting for eliminations of ($22), the total revenues reached $1,714.
It's important to note that these revenues are segmented across different operational areas: management and franchising, owned and leased properties, and distribution. The "eliminations" entry suggests there are some inter-segment transactions being accounted for, which are then removed to avoid double-counting in the consolidated total. The "revenues for reimbursed costs" line indicates that The Standardx also generates revenue by recouping expenses, which significantly contributes to the overall revenue figure.
For a prospective franchisee, understanding the breakdown of these revenue streams is crucial. It provides insight into where The Standardx's income is generated and how different segments contribute to the overall financial health of the company. This information can be useful in evaluating the potential performance and stability of The Standardx as a franchise opportunity.