What was the total value of Face Foundrie's operating lease right-of-use asset in 2022?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Operating lease right-of-use asset | 331,322 | 366,840 | 400,209 |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the total value of their operating lease right-of-use asset in 2022 was $400,209.
This figure represents the value of the company's right to use leased assets, such as property or equipment, for the duration of the lease term. It is considered a non-current asset, meaning it is not expected to be converted to cash within one year.
For a prospective Face Foundrie franchisee, this information provides insight into the company's financial obligations and asset management. Reviewing these figures over multiple years (2022-2024) can reveal trends in Face Foundrie's leasing activities and overall financial health. Understanding the value and liabilities associated with operating leases is crucial for assessing the financial stability and potential risks of investing in a Face Foundrie franchise.