What are the remaining lease payments to be paid by Card My Yard in 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------------------------------------|---------------| | Operating | $ 104,088 | | lease | | | cost | | | Other | | | information: | | | Cash | | | paid | | | for | | | amounts | | | included | | | in | | | the | | | measurement | | | of lease liabilities: | | | Operating | $ 105,602 | | cash | | | flows |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the remaining lease payments to be paid in 2024 are $26,400 as of December 31, 2023. This amount includes $17 of imputed interest. The present value of lease liabilities as of December 31, 2023, is $26,383.
This information is relevant to potential franchisees as it provides insight into the franchisor's financial obligations and lease commitments. While this specific detail might not directly impact a franchisee's day-to-day operations, it contributes to the overall financial health assessment of the franchisor. Understanding the franchisor's financial stability is crucial for franchisees, as it can affect the support and resources available to them.
Prospective franchisees should consider this information in conjunction with other financial disclosures in the FDD to gain a comprehensive understanding of Card My Yard's financial position. It is also advisable to inquire about any changes in lease agreements or financial obligations that may have occurred since the date of the FDD.