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What was the change in operating lease right-of-use assets for Body Brain Center in 2022?

Body_Brain_Center Franchise · 2025 FDD

Answer 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)

Based on the 2025 Franchise Disclosure Document, the information to calculate the change in operating lease right-of-use assets for Body Brain Center in 2022 is not available. While the document mentions that the company leases its operating facility under non-cancellable operating leases, it does not provide specific figures for the value of right-of-use assets or the changes in these assets during 2022.

However, the FDD does mention the company's lease commitments. For example, the company leases its operating facility under non-cancellable operating leases and has a premises use agreement with Body & Brain Yoga and Health Centers, Inc. The FDD includes schedules of minimum future yearly rental payments related to the operating facility lease as of December 31, 2022, 2023, and 2024. These schedules could provide some insight into the company's lease obligations, but they do not directly address the value of right-of-use assets.

A prospective Body Brain Center franchisee should ask the franchisor for detailed financial statements that include information on the company's right-of-use assets and lease liabilities. This information is crucial for understanding the company's financial health and its obligations under lease agreements. Specifically, the franchisee should request a breakdown of the right-of-use assets and lease liabilities, as well as any changes in these amounts during 2022. This will help the franchisee assess the company's financial stability and make informed decisions about investing in the franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.