What was the total franchise rental revenues for Jack In The Box in 2023?
Jack_In_The_Box Franchise · 2025 FDDAnswer from 2025 FDD Document
million. The leases have been accounted for as operating leases and contain initial terms of 16 years and 20 years.
Company as lessor — The following table presents rental income (in thousands):
| 2024 | 2023 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Owned Properties | - · · · · · · · · · · · · · · · · · · · | Leased Properties Total | Owned roperties | I | Leased Properties | Total | ||||||
| Operating lease income - franchise | $ 1 | 8,301 | $ | 242,111 | $ | 260,412 | $ | 17,805 | $ | 225,392 | $ | 243,197 |
| Variable lease income - franchise | 1 | 2,522 | 100,903 | 113,425 | 12,700 | 108,010 | 120,710 | |||||
| Amortization of sublease assets and liabilities, net | 1,591 | 1,591 | _ | 684 | 684 | |||||||
| Franchise rental revenues | $ 3 | 0,823 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 93–94)
What This Means (2025 FDD)
According to Jack In The Box's 2025 Franchise Disclosure Document, the total franchise rental revenues for both Jack In The Box and Del Taco combined in 2023 was $364,591. This figure is comprised of operating lease income from franchise owned properties of $30,505 and leased properties of $334,086.
For a prospective franchisee, understanding the breakdown of these revenues can be helpful in assessing the financial health and stability of the franchise system. Rental revenues are a significant component of the overall revenue for Jack In The Box, indicating the importance of real estate management within the franchise model.
It's important to note that these figures represent the combined revenues from both Jack In The Box and Del Taco, as the company acquired Del Taco in 2022. The FDD does not break out the rental revenues for Jack In The Box alone. A prospective franchisee might want to inquire about the specific rental revenue contribution from Jack In The Box locations to better understand the performance of that particular brand within the franchise system.
Understanding the different types of lease income, such as operating and variable lease income, can also provide insights into the lease agreements and how they impact the franchisee's financial obligations. Additionally, the amortization of sublease assets and liabilities should be considered when evaluating the overall rental revenue picture.