What was the value of Bw Premier Collection's current lease liability in 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2024 | 2023 | |
|---|---|---|---|
| Accrued compensation and benefits | $ 29,935 | $ 27,155 | |
| Accounts payable | 25,340 | 26,273 | |
| Accrued liabilities | 21,878 | 21,851 | |
| Travel Card liability | 3,716 | 4,542 | |
| Current construction loans payable | 1,079 | 1,039 | |
| Current lease liability | 690 | 848 | |
| Total | $ 82,638 | $ 81,708 | |
| Operating lease ROU assets and lease liabilities consisted of the following: | |||
| --- | --- | --- | --- |
| (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 lease liability for 2023 was $848,000. This figure represents the short-term portion of the company's lease obligations, which are due within the next year. It is important to note that this value is expressed in thousands. Therefore, the actual liability is $848,000.
This liability is a part of Bw Premier Collection's overall financial obligations, which include accounts payable, accrued liabilities, and other short-term debts. For a prospective franchisee, understanding the current lease liability provides insight into the company's short-term financial health and its ability to meet its immediate obligations. This information, combined with other financial data, can help potential franchisees assess the financial stability of Bw Premier Collection.
Reviewing the trend of the current lease liability over time, as presented in the FDD, can also be beneficial. For instance, the current lease liability was $690,000 in 2024. Comparing these figures helps in understanding how Bw Premier Collection manages its lease obligations and whether these liabilities are increasing or decreasing, which could reflect changes in the company's operations or leasing strategies. This information is crucial for making an informed investment decision.