What was the weighted average remaining lease term for Kitchen Solvers operating leases in 2023?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
ease cost | | | | | | | | | Total lease cost | $ | 50,403 | $ | 40,651 | $ | 33,613 | |
The following summarizes the weighted average remaining lease term and discount rate as of December 31:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Weighted Average Remaining Lease Term |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the weighted average remaining lease term for operating leases in 2023 was 1.46 years. This figure represents the average length of time left on Kitchen Solvers' operating leases, weighted by the relative size or importance of each lease.
For a prospective franchisee, this information provides insight into the typical lease durations Kitchen Solvers enters into. It suggests that leases are generally short-term, lasting approximately one and a half years on average. This could mean more frequent lease renewals or renegotiations, which can impact operating costs and location stability.
Understanding the weighted average remaining lease term can help franchisees anticipate future lease-related expenses and plan for potential relocation or renewal negotiations. It's important to note that this is an average, and individual lease terms may vary. Franchisees should discuss specific lease terms and conditions with Kitchen Solvers during their due diligence process.