OVERLAND PARK, Kan., Aug. 31 /PRNewswire-FirstCall/ -- Brooke Franchise Corporation, a subsidiary of Brooke Corporation (Nasdaq: BXXX), announced selected July 2007 results.
Brooke Franchise Corporation assisted franchisees in the start up and acquisition of businesses in July in the states of Arizona, California, Georgia, Kansas, Missouri, North Carolina and Texas. Brooke Franchise Corporation added eight start up franchise locations and two developed franchise locations in July, and received approximately $1,673,000 in fees, consisting of $1,650,000 in initial franchise fees for basic services and $23,000 in other associated fees.
Brooke Franchise Corporation received profit-sharing commissions totaling approximately $58,000 from insurance companies in July 2007. Brooke Franchise typically receives a majority of its profit-sharing commissions during the first quarter of its fiscal year.
Combined same-store sales for seasoned converted franchises and start up franchises decreased approximately 0.4 percent for the 12 months ending July 31, 2007, and the corresponding median growth rate was 0.7 percent. Same-store sales calculations exclude profit-sharing commissions.
About our company ... Brooke Franchise Corporation is a subsidiary of
Brooke Corporation (Nasdaq: BXXX) that distributes insurance and banking
services through a network of more than 800 franchise locations. Brooke
Franchise was named the country's No. 37 top franchise by Entrepreneur
|SOURCE Brooke Franchise Corporation|
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