What was the variable lease expense for Bw Premier Collection in 2024 (in thousands)?

According to Bw Premier Collection's 2025 Franchise Disclosure Document, the variable lease expense for 2024 was $11,000. This is in contrast to 2023, where the variable lease expense was $50,000. This figure is important for prospective franchisees as it reflects the costs associated with variable lease components, which can fluctuate based on factors like usage or specific operating expenses.

Understanding the difference between operating lease expenses and variable lease expenses is crucial. Operating lease expenses for 2023 were $960,000, while total lease expenses amounted to $971,000. This indicates that variable lease expenses form only a small portion of the total lease expenses. For franchisees, this means that while variable lease expenses can change, the majority of their lease obligations are likely fixed and predictable.

It's important to note that these figures are presented in thousands, so the actual amounts are significantly higher. Franchisees should carefully review their lease agreements to understand what components are fixed and what components are variable. This will help them in budgeting and financial forecasting. Additionally, they should inquire about the factors that can cause variable lease expenses to fluctuate to better manage their operational costs.