What was the operating lease liability for Christian Brothers Automotive in 2023?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
| Less current portion | ||
|---|---|---|
| Long-term lease liabilities | $ 382,496,000 |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the long-term lease liabilities in 2023 were $382,496,000, less the current portion. This figure represents the brand's financial obligations related to leases extending beyond the current year.
For a prospective franchisee, understanding the franchisor's lease liabilities can provide insights into the company's financial health and stability. While this specific figure reflects the franchisor's obligations, franchisees should also consider their own potential lease obligations when securing a location for their Christian Brothers Automotive franchise. Factors such as location, size, and lease terms can significantly impact a franchisee's financial performance.
It's important for potential franchisees to discuss lease-related matters with the franchisor and seek professional advice to fully understand the financial implications of leasing a property for their Christian Brothers Automotive business. Reviewing the franchisor's financial statements and understanding their lease obligations can contribute to making an informed investment decision.