What was the total lease expense for Monicals Pizza in the state of Washington for the year 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2023 and 2022: | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Finance lease expense: | |||
| Amortization of right-of-use assets | $ 378,130 | $ 219,501 | |
| Interest on lease liabilities | 34,864 | 16,152 | |
| O perating lease expense | 906,435 | 900,379 | |
| Total lease expense | $ 1,319,429 | $ 1,136,032 |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the document does not specify the total lease expense for the state of Washington. However, the consolidated financial statements do provide the total lease expense for all Monicals Pizza locations in 2022.
In 2022, the total lease expense for Monicals Pizza was $1,136,032. This total includes $219,501 in amortization of right-of-use assets, $16,152 in interest on lease liabilities, and $900,379 in operating lease expense.
A prospective franchisee should inquire with Monicals Pizza's management about lease expenses specific to the state of Washington, as this figure is not broken out in the FDD. Understanding the lease expenses in a specific state like Washington is crucial for assessing the financial viability of a Monicals Pizza franchise in that region.