As of December 31, 2024, what was the remaining lease term in years for Body Brain Center?
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, 2024:
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., allowing them to use a portion of their premises, subject to the terms of the agreement. The document includes a schedule of minimum future yearly rental payments related to the operating facility lease as of December 31, 2024; however, the specific schedule is not included in the provided excerpts.
Without the schedule, it's impossible to determine the remaining lease term in years as of December 31, 2024. The FDD does state that the premises use agreement with Body & Brain Yoga and Health Centers, Inc. is on a month-to-month basis.
A prospective Body Brain Center franchisee should request the full lease schedule from the franchisor to fully understand the company's lease obligations and future rental payments. This information is crucial for assessing the financial stability and long-term viability of the franchise.