Brooke Announces August Results

Overland Park, Kan.-based agency franchisor Brooke Corp. announced August results for its franchise and finance subsidiaries.

CEO Robert D. Orr announced that the Company’s franchise subsidiary, Brooke Franchise Corp., consulted with franchisees and others in the acquisition of businesses in the states of Texas, Illinois, California, Virginia, and Nevada.

“As a result of these acquisitions,” Orr said in a statement, “Brooke Franchise Corp. added a total of eight new franchise locations and received over $1.4 million in consulting fees from unrelated entities.”

To help observers put the August expansion into perspective, Orr noted that 14 new franchise locations were added in July 2004 resulting in more than $1.9 million in consulting fees from unrelated entities. A record total of 25 new franchise locations were added in June 2004 resulting in $1.7 million in consulting fees from unrelated entities.

Orr also announced that loan portfolio balances of the company’s finance subsidiary, Brooke Credit Corp., totaled over $148 million on Aug. 31, 2004, as compared to loan portfolio balances of over $141.8 million on July 31, 2004, and $137.5 mililon on June 30, 2004. Portfolio balances exclude loan balances of sister companies.