What were the total undiscounted lease payments for Beard Papas as of December 31, 2028?

According to Beard Papas's 2025 Franchise Disclosure Document, the total undiscounted lease payments as of December 31, 2028, were $387,656. This figure represents the sum of lease payments due in the coming years, without accounting for the time value of money. The document also provides a breakdown of the undiscounted lease payments for individual years, including $10,697 for 2028.

For a prospective Beard Papas franchisee, understanding these lease obligations is crucial for financial planning. The undiscounted lease payments provide a clear picture of the total cash outflow required to cover lease expenses over the specified period. This information helps franchisees assess the affordability of the lease and its impact on their overall profitability.

Additionally, the document mentions an imputed interest of ($20,515), which is subtracted from the total undiscounted lease payments to arrive at the total operating lease liability of $367,141. This imputed interest represents the financing cost embedded within the lease payments. Franchisees should be aware of this distinction, as the operating lease liability reflects the present value of the lease obligations, which is a more accurate measure of the economic burden of the lease.

In summary, the FDD provides detailed information on Beard Papas's lease obligations, including undiscounted lease payments and operating lease liabilities. Prospective franchisees should carefully review these figures to understand the financial implications of leasing a location for their Beard Papas franchise.