What is the total amount of Dermani Medspa's operating lease right of use asset, net?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
| CALIFORNIA Commissioner of Financial Protection and Innovation California Department of Financial Protection and Innovation 320 West Fourth Street, Suite 750 Los Angeles, California 90013-2344 (213) 576-7500 (866)275-2677(tollfree) | NEW YORK New York Department of State One Commerce Plaza 99 Washington Avenue, 6th Floor Albany, New York 12231-0001 (518) 473-2492 |
|---|---|
| HAWAII Commissioner of Securities of the State of Hawaii Department of Commerce and Consumer Affairs Business Registration Division Securities Compliance Branch 335 Merchant Street, Room 203 Honolulu, Hawaii 96813 (808)586-2722 | NORTH DAKOTA Securities Commissioner North Dakota Securities Department 600 Boulevard Avenue State Capitol, 14th Floor, Dept. 414 Bismarck, North Dakota 58505-0510 (701) 328-4712 |
| ILLINOIS Illinois Attorney General 500 South Second Street Springfield, Illinois 62706 (217) 782-4465 | RHODE ISLAND Director, Department of Business Regulation Securities Division John O. Pastore Center–Bldg. 69-1 1511 Pontiac Avenue Cranston, Rhode Island 02920 (401)462-9527 |
| INDIANA Indiana Secretary of State 302 West Washington Street, Room E018 Indianapolis, Indiana 46204 (317) 232-6681 | SOUTH DAKOTA Department of Labor and Regulation Division of Insurance – Securities Regulation 124 S. Euclid, Suite 104 Pierre, South Dakota 57501 (605)773-3563 |
| MARYLAND | VIRGINIA |
| Maryland Securities Commissioner | Clerk of the State Corporation Commission |
| 200 St. Paul Place | 1300 East Main Street, 1st Floor |
| Baltimore, Maryland 21202-2020 | Richmond, Virginia 23219 |
| (410)576-6360 | (804)371-9733 |
| MICHIGAN Michigan Department of Attorney General Consumer Protection Division G. Mennen Williams Building, 1st Floor 525 West Ottawa Street Lansing, Michigan 48933 (517)373-7117 | WASHINGTON Director of Department of Financial Institutions Securities Division – 3rd Floor 150 Israel Road, S.W. Tumwater, Washington 98501 (360) 902-8760 |
| MINNESOTA Commissioner of Commerce Minnesota Department of Commerce 85 7th Place East, Suite 280 St. Paul, Minnesota 55101 (612) 296-4026 | WISCONSIN Wisconsin Commissioner of Securities Department of Financial Institutions Division of Securities 4822 Madison Yards Way, North Tower Madison, Wisconsin 53705 (608) 261-9555 |
Exhibit C to the dermani MEDSPA® Franchise Agreement
LISTING OF OWNERSHIP INTERESTS
Current assets Cash and cash equivalents $ 6 0,214 Restricted cash 1 09,906 Accounts receivable, net of allowance for credit losses of $- 3 6,396 FRANCHISOR: dermani MEDSPA® Franchising LLC
Exhibit D to the dermani MEDSPA® Franchise Agreement
ELECTRONIC FUNDS TRANSFER AUTHORIZATION
AUTHORIZATION AGREEMENT FOR PREARRANGED PAYMENTS (DIRECT DEBITS)
| Operating lease right of use asset, net | 282,813 | |
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the company's operating lease right of use asset, net, is valued at $282,813. This figure represents the net value of the company's right to use leased assets, primarily office space, after accounting for accumulated amortization. This asset reflects the company's rights and obligations under its lease agreements.
For a prospective Dermani Medspa franchisee, understanding the franchisor's lease obligations can provide insight into the financial stability and operational commitments of the company. The operating lease right of use asset is a significant component of the company's balance sheet, reflecting its long-term lease commitments. This information can be useful in assessing the franchisor's financial health and its ability to support franchisees.
It's important to note that this figure represents the company's lease obligations as of a specific date (December 31, 2023, based on other excerpts). Future franchisees should consider how these lease obligations might impact the franchisor's financial performance and its ability to provide ongoing support and resources to its franchise network. Reviewing the franchisor's financial statements and understanding its lease commitments is a standard part of due diligence in franchise research.