What was the variable lease cost for Bw Premier Collection, as of the provided date?

According to Bw Premier Collection's 2025 Franchise Disclosure Document, the variable lease cost as of November 30, 2023, was $50,000. This figure is part of the broader discussion on lease obligations, which includes both operating and variable lease costs. The company leases office space, vehicles, and office equipment. These leases expire at various dates through 2029. The company recognizes a right-of-use asset and lease liability to account for its operating leases.

The FDD also explains that Bw Premier Collection recognizes variable lease costs as an expense when incurred. These costs are associated with taxes, insurance, maintenance, and other operating expenses related to the leased asset. These amounts are not included in the measurement of the ROU assets and lease liabilities to the extent they are variable in nature.

Prospective franchisees should understand how these lease costs can impact their overall financial obligations. While the $50,000 figure provides a snapshot, it's important to consider that lease costs can fluctuate. Reviewing the complete financial statements and understanding the terms of any potential lease agreements is crucial for making informed decisions.