FSNA Reports Net Loss of $39M for 2013

In a press statement from June 13, Franchise Services of North America (FSNA) reported revenue at $135,128,664 and a net loss of $39,036,516 — based on its financial results for the fiscal year that ended Sept. 30, 2013.

The company’s audited annual financial statements for 2013 as well as a management’s discussion and analysis can be viewed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Catalyst Capital Group was selected as the prevailing purchaser in an auction for the assets connected with FSNA’s wholly-owned subsidiary, Simply Wheelz LLC, which operates as Advantage Rent A Car.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Job Finder: Access Top Talent. Fill Key Positions.

>