What was the gross amount of Auntie Annes' operating lease assets as of December 31, 2023?

According to Auntie Annes' 2024 Franchise Disclosure Document, the gross operating lease assets as of December 31, 2023, were $92,642. This figure represents the company's total investment in assets it leases for its operations before accounting for accumulated amortization.

For a prospective franchisee, understanding the value of operating lease assets can provide insight into the scale and nature of Auntie Annes' leasing activities. These assets likely include the physical locations and equipment used by the franchisor and potentially some franchisees. The corresponding accumulated amortization, which was ($23,107) as of the same date, reflects the reduction in value of these assets over time due to wear and tear or obsolescence.

It's important to note that the net operating lease assets, which is the gross amount less accumulated amortization, was $69,535 as of December 31, 2023. This net figure provides a more accurate representation of the current book value of these leased assets. Reviewing these figures in comparison to the previous year (December 25, 2022) can reveal trends in Auntie Annes' leasing strategy and asset management.

Franchisees should consider these figures in the context of their own lease obligations and how Auntie Annes manages its leases. Understanding the franchisor's approach to leasing can help franchisees better anticipate their own potential lease-related expenses and responsibilities.