What was the total amount of operating lease right-of-use assets for All Team in 2024?

According to All Team's 2025 Franchise Disclosure Document, the total amount of operating lease right-of-use assets for the company in 2024 was $90,309. This figure represents the value of All Team's right to use leased assets, such as property or equipment, for the duration of their operating leases. This is a component of the company's total assets. In 2023, the operating lease right-of-use assets were valued at $143,935.

Operating lease right-of-use (ROU) assets and lease liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. This accounting treatment, as described in the FDD, follows the adoption of ASU 2016-02 (ASC 842) on January 1, 2023. All Team determines if an arrangement is a lease at the inception of the agreement.

For a prospective All Team franchisee, understanding the company's lease obligations and the valuation of its ROU assets can provide insights into its financial health and long-term commitments. It's important to note that these figures reflect All Team's corporate level activities and may not directly translate to the financial obligations a franchisee would incur. Franchisees should carefully review their own lease agreements and consult with financial advisors to understand the implications of leasing on their individual businesses.