What was the amount of Face Foundrie's operating lease liability (non-current) as of December 31, 2022?

According to Face Foundrie's 2025 Franchise Disclosure Document, the company's operating lease liability, non-current, as of December 31, 2022, was $376,281. This figure represents the portion of Face Foundrie's total lease obligations that are not due within the next 12 months, reflecting the long-term financial commitment associated with its office space lease.

For a prospective Face Foundrie franchisee, understanding the franchisor's lease obligations can provide insight into the company's financial stability and long-term planning. While this specific figure doesn't directly impact the franchisee's operations, it's part of a broader picture of the franchisor's financial health, which indirectly affects the support and resources available to franchisees.

The FDD also includes information on Face Foundrie's current operating lease liability, which was $29,204 as of December 31, 2022. Reviewing both current and non-current liabilities offers a more complete view of the company's financial obligations related to its operating lease. Additionally, the document details the terms of the lease agreement, including the lease term, monthly rent payments, and annual escalation rate, providing further context for these liabilities.

It is important to note that while the FDD provides this historical data, a prospective franchisee should also inquire about any changes in Face Foundrie's lease agreements or financial condition since the date of the financial statements. This due diligence will help ensure a comprehensive understanding of the franchisor's financial position and its potential impact on the franchise system.