What was the interest expense for Lees Famous Recipe's LF RC SS B L LC?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
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| - | (3,653) |
| Other Income (Expenses): | | | | | | Miscellaneous income | 1,104 | 8,028 | - | 9,132 | | Interest expense | - | - | - | - | | Total other income, net | 1,104 | 8,028 | - | 9,132 | | Income (Loss) Before Income Taxes | 52,122 | (46,643) | - | 5,479 | | Income Tax Expense | - | - | - | - | | Net Income (Loss) | $ 52,122 | $ (46,643) | $ - | $ 5,479 |
LFRC RE HOLDINGS, LLC ARTEMIS RESTAURANT CORP.CONSOLIDATING STATEMENT OF OPERATIONSYEAR ENDED DECEMBER 31, 2023
| LF Mt | RC RE . S lin ter g | LF RC SS B L LC | LF RC RE Sp rin fie ld g | LF RC RE Ft. W ayn e | LF RC RE Sa nfo rd | Eli mi tio na n | Ho | RC LF RE ldi LL C ng s, To tal | |
|---|---|---|---|---|---|---|---|---|---|
| Ge ral d A dm ini str ati Ex ne an ve pe ns es | $ | 32 00 0 , | $ 45 99 7 , | $ 18 6, 66 7 | $ 47 99 6 , | $ 7, 98 5 | $ - | $ | 32 0, 64 5 |
| Op tin los era g s | ( 32 00 0) , | ( 45 99 7) , | ( 186 66 7) , | ( 47 99 6) , | ( 7, 98 5) | - | ( 32 0, 64 5) | ||
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| Mi lla s in sce ne ou com e | - | 152 183 , | 40 3, 00 0 | - | 91 3 | - | 55 6, 09 6 | ||
| Int st e ere xp en se | - | ( 100 69 3) , | ( 24 9, 135 ) | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe FDD, the interest expense for LF RC SS B L LC was $(100,693). This figure represents the interest expenses incurred by this specific entity within the Lees Famous Recipe system.
This information is relevant for prospective franchisees as it provides insight into the financial performance and obligations of one of Lees Famous Recipe's company-owned entities. Understanding the interest expenses of similar company-owned operations can help franchisees better anticipate their own potential costs and financial management needs.
It's important to note that this figure reflects the interest expense for a specific entity (LF RC SS B L LC) and may not be representative of all Lees Famous Recipe franchisees or other company-owned locations. Factors such as loan amounts, interest rates, and financing terms can vary significantly, impacting the overall interest expense. Therefore, prospective franchisees should conduct their own due diligence and consult with financial advisors to assess their individual financial situations and potential interest expenses.