What were the short-term lease costs for Brightstar Care in 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 short-term lease costs for the fiscal year ended 2023 were $269,466. This figure represents the expenses Brightstar Care incurred for leases with terms of one year or less during that period.
For a prospective franchisee, understanding these costs is crucial for financial planning. Short-term leases can offer flexibility but may come with higher periodic payments compared to long-term leases. It is important to note that these costs reflect Brightstar Care's expenses as a company, and individual franchisees may experience different lease costs depending on their location and specific lease agreements.
When evaluating this information, potential franchisees should consider the factors that could influence their own short-term lease costs, such as the size and location of their Brightstar Care agency. They should also inquire about Brightstar Care's real estate assistance and preferred vendor programs, which may help in negotiating favorable lease terms. Understanding the historical lease costs of the franchisor can provide a benchmark for assessing the reasonableness of lease terms in their own market.