What were the short-term lease costs for Brightstar Care in 2024?
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 company's short-term lease costs for the fiscal year 2024 were $344,340. This figure reflects the expenses Brightstar Care incurred for leases with terms of 12 months or less during that period.
For a prospective franchisee, understanding these costs can be helpful in assessing the overall financial health and stability of Brightstar Care. While this figure represents Brightstar Care's expenses, it doesn't directly translate to the costs a new franchisee might incur, as those costs would depend on the franchisee's specific location, lease terms, and business operations. However, it can provide a benchmark for understanding the types of lease obligations Brightstar Care, as a company, tends to enter into.
It's important to note that this is just one component of Brightstar Care's overall operating costs. A potential franchisee should review the entire Item 23 in the FDD, as well as other relevant sections, to gain a comprehensive understanding of the company's financial performance and obligations. Additionally, they should conduct their own due diligence, including consulting with financial advisors and legal counsel, to assess the financial viability of investing in a Brightstar Care franchise.