What was the amount of Body Brain Center's lease liabilities in 2022?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company leases its operating facility under non-cancellable operating lease. The Company also has the right to use the permitted portion of the premises of Body & Brain Yoga and Health Centers, Inc. (BBYHC), subject to the terms and provisions under a premises use agreement.
The following is a schedule by year of minimum future yearly rental payments related to the operating facility lease as of December 31, 2022:
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
According to Body Brain Center's 2025 Franchise Disclosure Document, the company leases its operating facility under a non-cancellable operating lease. Additionally, Body Brain Center has a premises use agreement with Body & Brain Yoga and Health Centers, Inc. (BBYHC), allowing them to use a portion of BBYHC's premises under specified terms.
The FDD specifies that the following is a schedule by year of minimum future yearly rental payments related to the operating facility lease as of December 31, 2022. However, the actual schedule detailing the amounts of these payments is not included in this excerpt.
Prospective franchisees should request the full schedule of minimum future yearly rental payments to fully understand Body Brain Center's lease obligations and how they might affect the franchisee's financial planning. This information is crucial for assessing the financial viability of the franchise.