What is the total lease payment for the Midtown location of Bb.Q Chicken?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
| For the year ended | HQ | Ktown | Midtown | Englewood | |
|---|---|---|---|---|---|
| December 31, | Operating Leases | Operating Leases | Operating Leases | Operating Leases | |
| 2025 | $ 279,026 | $ 673,485 | $ 274,159 | $ 48,807 | |
| 2026 | 223,746 | 693,687 | 282,878 | 50,027 | |
| 2027 | 157,153 | 714,495 | 291,365 | 51,278 | |
| 2028 | - | 735,930 | 300,106 | 52,556 | |
| 2029 | 758,007 | 309,109 | 53,874 | ||
| Thereafter | 3,048,318 | 670,126 | 126,058 | ||
| Total lease payment | $ 659,925 | $ 6,623,922 | $ 2,127,743 | $ 382,600 | |
| Less: interest | (36,932) | (1,246,736) | ( 150,101) | (34,444) | |
| Present value of lease liabilities | 622,993 | 5,377,186 | 1,977,642 | 348,156 |
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the total lease payment for the Midtown location is $2,127,743. This figure represents the sum of operating lease payments over several years, as detailed in the provided table.
Specifically, the table outlines the operating leases for various locations, including HQ, Ktown, Midtown, and Englewood, for the years 2025 through 2029, as well as a lump sum for 'Thereafter.' The Midtown location's operating lease payments are listed year by year, and the 'Total lease payment' sums these individual payments to arrive at the $2,127,743 figure. This provides a comprehensive view of the total financial obligation for the lease over the entire term.
Prospective franchisees should note that this total lease payment does not account for interest. The table also includes a line item for 'Less: interest,' which for the Midtown location is ($ 150,101). After subtracting this interest amount from the total lease payment, the 'Present value of lease liabilities' for the Midtown location is $1,977,642. This present value provides a more accurate representation of the lease's financial impact when considering the time value of money. Franchisees should carefully review these figures and consult with financial advisors to understand the full scope of their lease obligations.