When does Creative World School's finance lease for office equipment expire?

According to Creative World School's 2025 Franchise Disclosure Document, the company has a finance lease for office equipment. This lease is scheduled to expire in October 2025. After the initial lease term, Creative World School has the option to continue leasing the office equipment on a month-to-month basis.

For a prospective franchisee, this information is relevant because it outlines the terms of Creative World School's existing leases, which could serve as a model for leases that franchisees may need to enter into. Understanding the franchisor's leasing arrangements can provide insight into typical lease terms and conditions within the Creative World School system.

It is important to note that the document specifies that the company, not the franchisee, holds this particular lease. However, the terms of this lease may reflect the kinds of arrangements a new franchisee might encounter when securing their own equipment or premises. Franchisees should discuss typical leasing arrangements with the franchisor to fully understand potential costs and obligations.