What are the total future undiscounted lease payments for a Crave Cookies franchise?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| | |
Future minimum lease payments and reconciliation to the balance sheet at December 31, 2023, are as follows:
| Year Ending December 31, | Operating Leases | |
|---|---|---|
| 2024 | $ | 6,914 |
| 2025 | _ | 6,914 |
| Total future undi |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the total future undiscounted lease payments are detailed in the financial statements. For the year ending December 31, 2024, the company's operating leases amounted to $6,914. The operating leases for the year ending December 31, 2025, are also listed as $6,914.
Combining these figures, the total future undiscounted lease payments amount to $13,828. After deducting imputed interest of $539, the total lease liabilities are $13,289.
It is important to note that these figures pertain to the company's leases and may not directly reflect the lease obligations a franchisee would incur for their Crave Cookies location. Franchisees should carefully review their own lease agreements and consult with financial advisors to understand their specific financial obligations.