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As of December 31, 2024, what were the operating lease liabilities for a Body Brain Center franchise?

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.

Source: Item 23 — RECEIPT (FDD pages 43–178)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, the financial statements include notes on commitments related to leased facilities. Body Brain Center leases its operating facility under a non-cancellable operating lease. Additionally, Body Brain Center has an agreement to use a portion of the premises of Body & Brain Yoga and Health Centers, Inc. However, the provided excerpts do not include a schedule of minimum future yearly rental payments or specific figures for operating lease liabilities as of December 31, 2024.

While the FDD mentions the existence of operating leases and agreements for premises use, it does not quantify the liabilities associated with these leases for the specified date. The notes detail the nature of the lease agreements but omit the crucial financial data needed to assess the financial obligations. Without this data, prospective franchisees cannot determine the future rental payment obligations of Body Brain Center.

To fully understand the financial commitments related to operating leases, a prospective Body Brain Center franchisee should request the complete schedule of minimum future yearly rental payments from the franchisor. This schedule would provide a clear breakdown of the lease liabilities, enabling a more informed investment decision. Specifically, the franchisee should ask for the figures relevant to December 31, 2024, to align with the date mentioned in the question.

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.