Highlights of Christian Brothers Automotive’s Item 19 Financial Performance Representations (2014 FDD) – Part 2
- Set forth in Section III is a comparison table of 1 year old, 2 year old, 3 year old, 4 year old, and 5+ year old included Christian Brothers Automotive stores for the year ending December 31, 2013.
- Section III provides average results for the included Christian Brothers Automotive stores by age of the business in 5 distinct categories: Gross Sales, Cost of Goods Sold, Gross Profit, General & Administrative Expenses, and Net Operating Income for the year ending December 31, 2013.
- Gross Sales is defined as all gross revenue derived from labor, parts, and sub-contracted labor/parts and supplies.
- Cost of Goods Sold is defined as all technician labor, part costs, and all sub-contracted labor/parts associated with Gross Sales.
- Gross Profit is defined as profit after Cost of Goods Sold are paid, but before General & Administrative Expenses are paid.
- General & Administrative Expenses is defined as general overhead expenses for the business including, but not limited to: rent, utilities, office salaries, taxes, etc.
- Net Operating Income is defined as income (earnings) before depreciation, amortization, interest, royalty expenses, and expenses for franchisee bonuses (profit splits).
- 1st Year Stores are defined as opened between January 1, 2012 and December 31, 2012.
- 2nd Year Stores are defined as opened between January 1, 2011 and December 31, 2011.
- 3rd Year Stores are defined as opened between January 1, 2010 and December 31, 2010.
- 4th Year Stores are defined as opened between January 1, 2009 and December 31, 2009.
- 5th Year+ Stores are defined as opened between August 1, 1982 and December 31, 2008.
- 9 of the 111 Stores had a negative Net Operating Income in 2013 including 1 in 1st Year Stores, 2 in 2nd Year Stores, 2 in 3rd Year Stores, 2 in 4th Year Stores, and 2 in 5th Year+ Stores.
Gross Sales
1st Year (16 stores)
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