What was the total value of Crave Cookies' operating lease liabilities in 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
ive Disclosures
The lease cost and other required information for the years ended December 31, 2023 and 2022, are:
| - | 2023 | - | 2022 | |
|---|---|---|---|---|
| Lease cost | ||||
| Operating lease cost | $ | 9,987 | $ | 8,042 |
| Total lease cost | $ | 9,987 | $ | 8,042 |
| Other information |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the operating lease cost for 2022 was $8,042. This figure represents the expense associated with leasing a vehicle during that year.
For a prospective Crave Cookies franchisee, understanding lease costs is crucial for budgeting and financial planning. The FDD indicates that Crave Cookies leases a vehicle, and the cost is recognized on a straight-line basis over the lease term. This means the expense is evenly distributed throughout the lease period, providing a consistent and predictable cost.
It's important to note that this figure only reflects the operating lease cost and doesn't include other potential lease-related expenses such as security deposits, insurance, or maintenance. Franchisees should carefully review all lease agreements and related expenses to accurately assess their financial obligations. The FDD also mentions that the company entered into a new vehicle lease in 2023, so future lease costs may vary.