What was the total lease cost for Kitchen Solvers as of December 31, 2022?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
eases its facilities under three-year leases. Terms of the leases call for monthly base rent payments through 2025.
The following summarizes the components of lease expense as of December 31:
| Lease cost: | $ | 50,403 | $ | 40,651 | $ | 33,613 |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the total lease cost as of December 31, 2022, was $33,613. This figure represents the total expenses Kitchen Solvers incurred for leasing office and manufacturing spaces during that year. These costs are associated with noncancelable operating leases.
The FDD also mentions that Kitchen Solvers leases its facilities under three-year leases, with terms calling for monthly base rent payments through 2025. The lease agreements include fixed payments, and office space leases may also require variable payments for the company's share of common area maintenance, property taxes, and insurance.
Prospective franchisees should understand that these lease costs reflect Kitchen Solvers' obligations as a franchisor and are not directly indicative of the lease expenses a franchisee might incur. Franchisees should conduct their own due diligence to estimate potential lease costs for their specific locations, considering factors such as location, size, and lease terms.