What was the fixed rent expense for Brightstar Care in the fiscal year ended 2023?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fiscal year ended | 2024 | 2023 | |
|---|---|---|---|
| Operating lease cost: | |||
| Fixed rent expense | $194,658 | $482,686 | |
| Short-term lease costs | 344,340 | 269,466 | |
| Net Lease Cost | $538,998 | $752,152 |
Source: Item 23 — RECEIPTS (FDD pages 118–387)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the fixed rent expense for the fiscal year ended 2023 was $482,686. This figure represents the cost associated with fixed rental obligations that Brightstar Care incurred during that fiscal year.
Understanding the fixed rent expense is crucial for potential franchisees as it provides insight into the company's financial obligations related to property leases. This information, when compared to other expenses and revenue figures, can help assess the financial health and stability of Brightstar Care.
Prospective franchisees should consider this figure in conjunction with other financial data provided in the FDD to gain a comprehensive understanding of Brightstar Care's financial performance and to evaluate the potential profitability and risks associated with investing in a Brightstar Care franchise.