When does the 15-year lease for the building in Hamilton, Ohio commence for Gold Star?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
In February 2025, the Company entered into a 15-year lease for a building in Hamilton, Ohio. The lease has three 5-year renewal options with a purchase option in years 20 through 30 of the lease. The lease will commence 30 days from the Company's opening for business to the public, which is anticipated to be April 2025. The rent payments over the life of the lease will be $476,124.
The Company has evaluated subsequent events through April 8, 2025, which is the date the consolidated financial statements were available to be issued.
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the company entered into a 15-year lease for a building in Hamilton, Ohio, in February 2025. The lease includes three 5-year renewal options and a purchase option available during years 20 through 30 of the lease term.
The commencement of the lease is contingent upon Gold Star's opening for business to the public. Specifically, the lease will commence 30 days from the date the business opens to the public.
The FDD anticipates the opening to occur in April 2025. The total rent payments over the 15-year lease term are projected to be $476,124. This information is based on an evaluation of subsequent events through April 8, 2025.