What are the total future undiscounted lease payments for Crave Cookies as of December 31, 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Future minimum lease payments and reconciliation to the balance sheet at December 31,2022, are as follows:
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Crave Cookies' future minimum lease payments and reconciliation to the balance sheet at December 31, 2022, are not explicitly detailed in the provided excerpts. However, the document includes information on operating leases, accounting policies, and quantitative disclosures related to lease costs for the years ending December 31, 2023 and 2022. It also mentions that the company leased a vehicle that expired in 2023 with monthly payments of $674 and entered into a new vehicle lease in 2023 that expires in 2025 with monthly payments of $576.
While the excerpts provide details on lease arrangements and accounting practices, they do not offer a consolidated figure for the total future undiscounted lease payments as of December 31, 2022. Instead, the excerpts focus on the nature of leases, the company's accounting policies related to leases, and specific lease arrangements entered into by Crave Cookies. The financial statements include information on operating leases for the years ending December 31, 2024 and 2025, but these figures do not directly answer the question about the total future undiscounted lease payments as of December 31, 2022.
A prospective Crave Cookies franchisee should ask the franchisor for the specific figure of total future undiscounted lease payments as of December 31, 2022, to fully understand the company's financial obligations and liabilities related to leases at that time. This information is crucial for assessing the financial health and stability of the company, which can impact the franchisee's investment and operational decisions.