What was the total reported lease expense for Ben Jerrys in 2022?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Finance lease expense | ||
| Amortization of right-of-use assets | $ 36 | $ 37 |
| Total finance lease expense | 36 | 37 |
| Operating lease expense | $ 84 | $ 84 |
| Variable lease expense | 36 | 36 |
| Total lease expense | $ 156 | $ 157 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, the total lease expense for 2022 was $157,000. This figure is broken down into several components: finance lease expense, operating lease expense, and variable lease expense.
The finance lease expense, specifically the amortization of right-of-use assets, was $37,000 in 2022. The operating lease expense was $84,000, and the variable lease expense was $36,000. These individual expenses sum to the total lease expense of $157,000.
For a prospective franchisee, understanding these lease expenses is crucial. It's important to note that these figures reflect Ben Jerrys's franchising operations and not necessarily the lease expenses a franchisee would incur for their individual store location. Franchisees should carefully consider their potential lease obligations and how they will impact their overall profitability. It is also important to understand the different types of leases (finance vs. operating) and how they are accounted for, as this can affect the financial reporting and tax implications for the franchisee.