What were the total segment revenues for The Standardx for the year ended December 31, 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
assets recognized in net gains (losses) and interest income from marketable securities held to fund rabbi trusts.
| Year Ended December 31, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Management and franchising | Owned and leased | Distribution | Segment Total | |||||||
| Segment revenues | $ | 1,143 | $ | 1,368 | $ | 1,236 | $ | 3,747 | ||
| Significant segment expenses: | ||||||||||
| Adjusted general and administrative expenses | (218) | (11) | (51) | (280) | ||||||
| Owned and leased expenses (1) | — | (1,107) | — | (1,107) | ||||||
| Distribution expenses (2) | — | — | (866) | (866) | ||||||
| Other segment items: | ||||||||||
| Other income (expenses) (3) | (143) | 6 | (190) | (327) | ||||||
| Pro rata share of unconsolidated owned and leased hospitality ventures' | — | 64 | — | 64 | ||||||
| Adjusted EBITDA |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the total segment revenues for the year ended December 31, 2023, were $3,747. These revenues are broken down by segment, including Management and franchising, Owned and leased, and Distribution. The Management and franchising segment generated $1,143 in revenue, the Owned and leased segment generated $1,368, and the Distribution segment generated $1,236.
It's important to note that these segment revenues are part of a larger financial picture that includes various expenses and other income items. For example, the document also lists significant segment expenses such as adjusted general and administrative expenses, owned and leased expenses, and distribution expenses, which impact the overall profitability of each segment. Additionally, there are other income and expense items, as well as a pro rata share of unconsolidated owned and leased hospitality ventures, that contribute to the adjusted EBITDA for each segment.
For a prospective franchisee, understanding these segment revenues and the associated expenses is crucial for evaluating the potential financial performance of a The Standardx franchise. It provides insight into which segments are driving revenue and where costs are being incurred. This information, combined with other financial data in the FDD, can help franchisees make informed decisions about their investment and operational strategies.
Furthermore, the FDD also presents segment adjusted EBITDA, which offers a clearer picture of the profitability of each segment before considering unallocated overhead expenses, eliminations, and other corporate-level adjustments. For the year ended December 31, 2023, the segment adjusted EBITDA was $1,231, reflecting the overall financial health of The Standardx's various business segments.