What was the total rent expense incurred by Cinnaholic in 2022?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
ized gains or losses are recognized each year in the Company's Statement of Operations. For the year ended December 31, 2023, the company sold all it's security holding and distributed the funds. At December 31, 2023 and 2022, the securities available for sale were $0 and $88,212 respectively.
- OPERATING LEASES
The Company leases office space under an operating lease that expires on February 28, 2023. Total rent expense
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the total rent expense incurred by Cinnaholic in 2022 was $31,863. Additionally, the document states that in 2022, $31,858 was due under the lease agreement. The company leases office space under an operating lease that was set to expire on February 28, 2023.
This information is relevant for prospective franchisees as it provides insight into the operational costs Cinnaholic Franchising LLC incurs at the corporate level. While franchisees will be responsible for their own real estate costs for their individual locations, understanding the franchisor's expenses can offer a broader financial context.
The lease details, including the monthly rent of $2,757 starting from March 2023, could also be useful for franchisees in understanding potential lease terms and costs when securing their own locations. However, it is important to note that these figures represent the franchisor's specific situation and may not directly translate to the costs franchisees will face.