What was the current operating lease liabilities for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Total non-current operating lease assets (1) | $ 1,482 | $ 1,600 | |
| Liabilities | |||
| Current operating lease liabilities (2) | $ 690 | $ 848 | |
| Non-current operating lease liabilities (3) | 811 | 791 | |
| Total operating lease liabilities | $ 1,501 | $ 1,639 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the current operating lease liabilities for 2023 were $848,000. This figure represents the short-term portion of the company's obligations under operating leases, which include leases for office space, vehicles, and office equipment. These leases expire at various dates through 2029.
Operating lease liabilities are a common financial obligation for businesses, reflecting their use of assets they lease rather than own. For Bw Premier Collection, these liabilities are part of their overall financial structure, impacting their balance sheet and financial ratios. The current portion, as opposed to the non-current portion ($791,000 in 2023), indicates the amount due within the next year.
Prospective franchisees should understand how these lease obligations factor into Bw Premier Collection's financial health. While the FDD provides this historical figure, it's important to note that future lease liabilities could change based on the company's growth, expansion, and negotiation of lease terms. Franchisees may want to inquire about the nature of these leases and how they might affect the franchisor's ability to support its franchisees.
It is important for potential franchisees to consult with a financial advisor to fully understand the implications of these liabilities and how they might affect the long-term financial stability of Bw Premier Collection.