What was the total operating lease liabilities for Bw Premier Collection in 2023 (in thousands)?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
s and lease liabilities consisted of the following:
| (in thousands) | As of November 30, 2023 | ||
|---|---|---|---|
| Assets | |||
| Total non-current operating lease assets (1) | $ 1,600 | ||
| Liabilities | |||
| Current operating lease liabilities (2) | $ 848 | ||
| Non-current operating lease liabilities (3) | 791 | ||
| Total operating lease liabilities | $ 1,639 |
- (1) Non-current operating lease assets are recorded in other assets, net, in the Consolidated Statements of Financial Position.
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 operating lease liabilities for 2023 were $1,639,000. This figure is broken down into two components: current operating lease liabilities of $848,000 and non-current operating lease liabilities of $791,000. These liabilities reflect Bw Premier Collection's obligations under lease agreements for assets like office space, vehicles, and equipment.
For a prospective franchisee, understanding these lease liabilities is crucial because it provides insight into the financial obligations Bw Premier Collection has undertaken. Reviewing the current versus non-current portions can indicate how much of the lease obligations are short-term (due within a year) versus long-term. This can help a franchisee assess the financial stability and cash flow management of Bw Premier Collection.
It's also important to note that these figures are as of a specific date, November 30, 2023. Lease liabilities can change over time due to new leases, lease modifications, or lease expirations. Therefore, while this information provides a snapshot of Bw Premier Collection's lease obligations at that time, it may not reflect the current situation. A prospective franchisee should inquire about any significant changes in lease liabilities since that date to get a more up-to-date understanding of Bw Premier Collection's financial commitments related to leases.
Furthermore, the FDD also mentions that the weighted average remaining lease term for operating leases is 2.3 years, and the weighted average discount rate is 3.42%. This information, combined with the total operating lease liabilities, can help a franchisee understand the overall cost and duration of Bw Premier Collection's lease commitments. Understanding these lease obligations can assist a potential franchisee in evaluating the financial health and stability of Bw Premier Collection.