What was the reported total value of land owned by Lees Famous Recipe in 2022?

According to Lees Famous Recipe's 2025 Franchise Disclosure Document, the exact value of land owned by the company in 2022 is not explicitly stated. However, the document does mention several subsidiaries formed to hold real estate assets. Specifically, LFRC SSB, LFRC Springfield RE, and LFRC RE Mt. Sterling were organized in 2022 to hold real estate assets for Company-owned and operated restaurants. This indicates that Lees Famous Recipe invests in real estate, but the consolidated financial statements do not provide a specific figure for the total value of land owned in 2022.

To gain a clearer understanding of the company's real estate holdings, a prospective franchisee should consider asking Lees Famous Recipe for more detailed financial information. This could include a breakdown of the real estate assets held by each subsidiary and the total value of land owned by the company in previous years. Understanding the company's real estate strategy and the value of its land holdings can provide valuable insights into its financial stability and long-term growth potential.

While the FDD does not provide the specific land value, it does offer information on related party transactions and the company's financial obligations. For example, the document details notes payable to various financial institutions and related parties, providing a broader picture of the company's financial structure. Reviewing these details can help potential franchisees assess the overall financial health of Lees Famous Recipe.