What is the total future lease payments for Aunt Millies Bakeries thereafter?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 2025 2026 2027 | $ | 5,319,866 4,082,728 3,409,099 2,547,418 |
|---|---|---|
| 2028 | 2,233,131 | |
| Thereafter | 10.068.537 | |
| Total future lease payments Less: imputed interest | - | 27,660,780 (7,482,634) |
| Present value of lease liabilities Less: Lease liabilities, current | 20,178,146 (4,481,275) | |
| Lease liabilities, non-current | $ | 15,696,871 |
| R | elated Parties | 9 | Third Parties | Total | ||
|---|---|---|---|---|---|---|
| 2025 | $ | 1,731,497 | $ | 3,546,573 | $ | 5,278,070 |
| 2026 | 1,513,587 | 2,899,996 | 4,413,583 | |||
| 2027 | 1,158,988 | 2,120,538 | 3,279,526 | |||
| 2028 | 1,032,306 | 1,548,750 | 2,581,056 | |||
| 2029 | 974,241 | 1,088,403 | 2,062,644 | |||
| Thereafter | _ | 4,549,508 | 5,412 | _ | 4,554,920 | |
| Total future lease payments | 10,960,127 | 11,209,672 | 22,169,799 | |||
| Less: imputed interest | (1,920,612) | _ | (779,409) | _ | (2,700,021) | |
| Present value of lease liabilities | 9,039,515 | 10,430,263 | 19,469,778 | |||
| Less: Lease liabilities, current | - | (1,417,438) | _ | (3,274,251) | )() | (4,691,689) |
| Lease liabilities, non-current | $ | 7,622,077 | $ | 7,156,012 | $ | 14,778,089 |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the total future lease payments listed under the receipt table for the period thereafter is $10,068,537. The total future lease payments, less imputed interest, is $27,660,780 and $(7,482,634) respectively. The present value of lease liabilities less lease liabilities, current is $20,178,146 and $(4,481,275) respectively. The lease liabilities, non-current is $15,696,871.
Additionally, the 2025 FDD provides a breakdown of lease payments related to both related parties and third parties. For the period "Thereafter," lease payments to related parties are $4,549,508, while lease payments to third parties are $5,412. The total for this period is $4,554,920. The total future lease payments to related and third parties is $10,960,127 and $11,209,672 respectively, for a combined total of $22,169,799. The imputed interest for related and third parties is $(1,920,612) and $(779,409) respectively, for a combined total of $(2,700,021). The present value of lease liabilities for related and third parties is $9,039,515 and $10,430,263 respectively, for a combined total of $19,469,778. The lease liabilities, non-current for related and third parties is $7,622,077 and $7,156,012 respectively, for a combined total of $14,778,089.
A prospective franchisee should carefully review these figures and understand the nature of these lease obligations. It is important to understand the terms of these leases, including their duration, renewal options, and any potential escalations in lease payments. Understanding these lease obligations is crucial for assessing the overall financial viability of an Aunt Millies Bakeries franchise.