Does Expense Reduction Analysts have any other leases besides the office space lease mentioned?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
ture maturities of notes payable is as follows for the years ended:
| Year Ending December 31, | Amount |
|---|---|
| 2025 | 33,649 |
| 2026 | 33,649 |
| 2027 | 33,650 |
| Total | $ 100,948 |
NOTE 7 OPERATING LEASES
The Company leases its office space under a noncancellable operating lease. The monthly rental amount is $5,246 and $5,137 at December 31, 2024 and 2023, respectively. Total rental expense under that agreement was $59,642 and $62,511 for the years ended December 31, 2024 and 2023, respectively.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company leases its office space under a noncancellable operating lease. The FDD mentions the monthly rental amounts and total rental expenses for the years ended December 31, 2024, and 2023. For December 31, 2024, the monthly rental amount was $5,246, and for December 31, 2023, it was $5,137. The total rental expense was $59,642 for the year ended December 31, 2024, and $62,511 for the year ended December 31, 2023.
For the years ended December 31, 2023, and 2022, the monthly rental amounts were $5,137 and $5,577, respectively. The total rental expense was $62,511 for the year ended December 31, 2023, and $59,207 for the year ended December 31, 2022.
The provided excerpts from the Expense Reduction Analysts FDD do not explicitly state whether Expense Reduction Analysts has any other leases besides the office space lease. Therefore, it is not possible to determine from the provided documentation if Expense Reduction Analysts has additional lease obligations. A prospective franchisee should ask the franchisor for clarification on this matter.