What was the total rent revenue for Carls in fiscal year 2024?

According to Carls's 2024 Franchise Disclosure Document, there are two slightly different values reported for total rent revenue in fiscal year 2024. One excerpt shows that the total rent revenue was $93,928, which is comprised of $87,594 in minimum rent revenue and $6,334 in variable rent revenue. Another excerpt from the same document shows that the total rent revenue was $97,150, which is comprised of $90,450 in minimum rent revenue and $6,700 in variable lease payments.

It is important to note the difference in these figures, as it could impact a franchisee's understanding of Carls's financial performance related to rent. The discrepancy could be due to different accounting methods, the inclusion of different types of properties, or other factors.

A prospective franchisee should inquire with Carls about the reason for the difference in these reported figures to gain a clearer understanding of the company's rent revenue streams and how they might affect the franchisee's own financial obligations and potential profitability. Understanding the components of rent revenue and the factors that influence it is crucial for making an informed investment decision.