What is the monthly lease payment amount for Anago's 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 sto
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 for certain office space. This lease requires monthly payments of $19,384 and matures in April 2028.
Anago accounts for leases in accordance with FASB ASC 842, capitalizing the operating lease. This results in a "right to use asset" and a corresponding "lease liability" on the balance sheets. The valuation of these items is recorded at present value, using a risk-free interest rate of 2.97%.
For a prospective franchisee, this information is relevant as it provides insight into the financial obligations Anago undertakes as part of its operations. While this specific lease payment does not directly impact franchisees, it offers a glimpse into the company's financial commitments and how they manage their lease obligations.