According to Brueggers Bagels's 2025 Franchise Disclosure Document, the company's total future minimum lease payments are $341,574. This figure represents the aggregate of lease obligations extending through 2029 and beyond. It's important to note that this total does not reflect the present value of these payments, which is calculated by discounting the future amounts to account for the time value of money.

Specifically, the lease payments are broken down by year: $77,030 for 2025, $69,434 for 2026, $55,850 for 2027, $42,939 for 2028, and $31,039 for 2029, with $65,282 listed for 'Thereafter'. The document also mentions an imputed interest amount of $53,483, which is subtracted from the total future minimum lease payments to arrive at the present value of minimum lease payments, which is $288,091.

For a prospective Brueggers Bagels franchisee, understanding these lease obligations is crucial. While the FDD provides the company's overall lease commitments, a franchisee needs to carefully review the specific lease terms for their individual location. Factors such as lease duration, renewal options, and any potential rent escalations can significantly impact the financial viability of the franchise. It is also important to understand the difference between the total future minimum lease payments and the present value, as the latter provides a more accurate picture of the actual cost when considering the time value of money.

It is also important to note that these figures represent the company's obligations, and a franchisee's individual lease terms may vary. Therefore, a prospective franchisee should consult with a financial advisor to fully understand the lease obligations associated with their specific franchise location.