What was the total value of the operating lease liability, current, for Dog Haus in 2023?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
he lease, or if not readily available, the Company uses a risk-free rate based on U.S. Treasury notes or bond rates for a similar term.
Notes to Financial Statements December 31, 2024, 2023 and 2022
ROU asset is assessed for impairment in accordance with the Company's long-lived asset policy. The Company reassesses lease classification and
Source: Item 23 — RECEIPTS (FDD pages 87–328)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, the operating lease liability, current portion, for 2023 was $121,020. This figure represents the portion of Dog Haus's total lease obligations due within the next year.
For a prospective franchisee, understanding the lease liabilities is crucial. The current portion indicates the short-term financial commitment Dog Haus had for its leases. This information, when compared to revenue and other expenses, can provide insight into the company's financial health and its ability to manage its lease obligations.
It's important to note that this figure only represents the lease liability at the corporate level and may not directly reflect the lease obligations a franchisee would incur. Franchisees should carefully review their own lease agreements and financial projections to understand their specific lease-related financial responsibilities. Reviewing the complete financial statements and consulting with a financial advisor is recommended to fully assess the financial implications of leasing for a Dog Haus franchise.