What was the amount of sub-lease income for Atwell Suites in 2022?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
Fund in the years ended December 31, 2024, 2023 and 2022, respectively, and is included in 'System Fund and reimbursable expenses' on the consolidated statements of net income.
Estimated amortization for finite-lived intangible assets for the next five years is (in thousands):
| 2025 | $ 5,036 |
|---|---|
| 2026 | 4,777 |
| 2027 | 4,554 |
| 2028 | 4,459 |
| 2029 | 4,165 |
Notes to Consolidated Financial Statements (continued)
6. Leases
The Company leases certain real estate an
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites's 2025 Franchise Disclosure Document, the sub-lease income for the years ended December 31, 2022, was $(2,275) thousand. This indicates that Atwell Suites received $2,275,000 in income from subleasing activities during that year.
Sub-lease income can be a notable factor in assessing the overall financial performance of Atwell Suites. For potential franchisees, understanding the sources and amounts of income, including sub-lease income, is crucial for evaluating the financial stability and potential profitability of the franchise. This income can offset expenses and contribute to the overall revenue stream.
It's important to note that the figure is presented in thousands, meaning the actual amount is $2,275,000. Additionally, the negative sign indicates that this is income received, as opposed to an expense. Reviewing these figures over multiple years, as presented in the table, can provide a clearer picture of trends and consistency in sub-lease income for Atwell Suites.