What was the total lease expenses for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: Receipts]
| (in thousands) | Year Ended November 30, 2023 | ||
|---|---|---|---|
| Operating lease cost | $ 958 | ||
| Variable lease cost | 50 | ||
| Total lease costs | $ 1,008 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the total lease expenses for the year 2023 amounted to $1,008,000. This figure is comprised of two components: operating lease expenses of $958,000 and variable lease expenses of $50,000.
For a prospective Bw Premier Collection franchisee, understanding the breakdown of lease expenses is crucial for financial planning. Operating lease expenses typically cover the base rent for the property, while variable lease expenses can fluctuate based on factors such as sales performance or other operational metrics.
It's important to note that these figures are presented in thousands, so the actual amounts are significantly larger. Franchisees should carefully review their lease agreements and understand the terms and conditions related to both operating and variable lease expenses to accurately forecast their financial obligations. Consulting with a financial advisor or accountant is advisable to fully grasp the implications of these lease expenses on the overall profitability of the Bw Premier Collection franchise.