What was the total Rent Expense for Gold Star?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
-------------------------|-----|-----------------------------------| | Balance at December 31, 2022 | $ 10,100,737 | $_ | 10,193,756 | | Correction of Value | (305,426) | | (305,426) | | December 31, 2022, As Restated | $ 9,795,311 | $_ | 9,888,330 |
The previously issued consolidated financial statements for the year ended December 31, 2023 were restated to correct an accrual made f
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
Based on the 2025 Gold Star Franchise Disclosure Document, there is no specific figure for the total rent expense. However, the document does mention a 15-year lease that Gold Star entered into in February 2025 for a building in Hamilton, Ohio. The total rent payments over the life of this lease are projected to be $476,124.
It is important to note that this figure only represents one specific lease agreement for a single location. It does not represent the total rent expense for all of Gold Star's operations or for its franchisees.
Prospective franchisees should inquire with Gold Star about the typical rent expenses for franchise locations, as this will vary depending on location, size, and lease terms. Understanding these costs is crucial for developing accurate financial projections.