What was the total operating lease liability (current and non-current) for Face Foundrie in 2022?

According to Face Foundrie's 2025 Franchise Disclosure Document, the company's total operating lease liability, encompassing both current and non-current portions, amounted to $405,485 in 2022. This figure is derived from the sum of the current operating lease liability of $29,204 and the non-current operating lease liability of $376,281 for that year.

For a prospective Face Foundrie franchisee, understanding the operating lease liability is crucial as it reflects the company's financial obligations related to leased assets, primarily real estate for their facial bars. A significant lease liability could indicate substantial fixed costs, impacting profitability, especially during the initial stages of operation. Franchisees should carefully evaluate these figures in relation to potential revenues and other expenses to assess the financial viability of the franchise.

It's also worth noting the trend in Face Foundrie's operating lease liabilities over the three years presented in the FDD. The total operating lease liability decreased from $405,485 in 2022 to $376,281 in 2023 and further to $343,795 in 2024. This trend could suggest improved lease terms, a shift in leasing strategy, or other factors influencing the company's financial obligations. Prospective franchisees should inquire about the reasons behind these changes to gain a deeper understanding of Face Foundrie's financial management and future outlook.