What was the reported value of the 'right-of-use lease asset' for Black Bear Diner in 2024?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | ||
|---|---|---|---|
| Right-of-use lease asset | $ 510,192 | $ 610,424 | |
| Current portion of lease liability | 105,194 | 100,138 | |
| Lease liability, net of current portion | 452,731 | 557,925 | |
| Computers and software | $ 161,501 | $ 161,501 | |
| Leasehold improvements | 404,821 | 323,467 | |
| Office equipment | 482,468 | 384,135 | |
| 1,048,790 | 869,103 | ||
| Less accumulated depreciation | (472,944) | (354,481) |
Source: Item 23 — RECEIPT (FDD pages 56–243)
What This Means (2025 FDD)
According to Black Bear Diner's 2025 Franchise Disclosure Document, the reported value of the 'right-of-use lease asset' for 2024 was $510,192. The FDD also provides the value for 2023, which was $610,424.
Additionally, the FDD lists the 'current portion of lease liability' as $105,194 for 2024 and $100,138 for 2023. The 'lease liability, net of current portion' was $452,731 in 2024 and $557,925 in 2023.
These figures reflect Black Bear Diner's financial obligations and assets related to leased properties. A prospective franchisee should understand these lease-related financial components, as they can significantly impact the overall financial health and operational costs of the franchise. Reviewing these figures over multiple years can provide insight into the company's leasing strategies and potential long-term liabilities.