In what month and year does Anago's office space lease mature?
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 sto
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, Anago entered into an operating lease agreement in May 2018 for certain office space. The lease requires monthly payments of $19,384 and matures in April 2028.
This information is relevant to prospective franchisees as it provides insight into Anago's financial obligations and long-term commitments. Understanding the franchisor's lease terms can help franchisees assess the stability and financial health of the company. The monthly lease payment amount gives an idea of the overhead costs Anago bears.
It's important to note that the company accounts for leases in accordance with FASB ASC 842, capitalizing the operating lease and recording a "right to use asset" and corresponding "lease liability" on its balance sheets. The valuation is based on the present value using a risk-free interest rate of 2.97%. This accounting treatment reflects how Anago manages and reports its lease obligations, which can impact its financial statements and key financial ratios.