When did Anago enter into the operating lease agreement for office space?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
and 2022 Anago Franchising, Inc. has 7,500 shares of no par value common stock authorized issued and outstanding.
As of December 31, 2024, 2023, and 2022 APLR, Inc. has 100 shares of no par value common stock authorized with 100 shares issued and outstanding.
As of December 31, 2024, 2023, and 2022 Anago Direct Marking, Inc., PBTR, Inc. and CCTD, Inc. have 100 shares of no par value common stock authorized with 100 shares issued and outstanding.
As of December 31, 2023 EHLB, Inc. dba Anago of Las Vegas has 100 shares of no par value common stock authorized with 100 shares issued and outstanding.
NOTE J – TREASURY STOCK
Anago Cleaning Sys
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the company entered into an operating lease agreement in May 2018 with a rental company for certain office space. This lease requires monthly payments of $19,384 and matures in April 2028.
The lease is accounted for under FASB ASC 842, which means Anago has capitalized the operating lease, resulting in a "right to use asset" and a corresponding "lease liability" on their balance sheets. The valuation of these items is recorded at the present value using a risk-free interest rate of 2.97%.
During the years ended December 31, 2024, 2023, and 2022, the components of the lease were tracked according to these accounting standards. This information is relevant for prospective franchisees as it provides insight into Anago's financial obligations and how they manage their lease agreements, which could indirectly affect the stability and resources available to support franchisees.