What was the total operating lease expense for Monicals Pizza in 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------|---------------|---------------| | Finance lease expense: | | | | Amortization of right-of-use assets | $ 378,130 | $ 219,501 | | Interest on lease liabilities | 34,864 | 16,152 | | Operating lease expense | 906,435 | 900,379 | | Total lease expense | $ 1,319,429 | $ 1,136,032 |
The operating right-of-use assets and l
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the total operating lease expense for the company in 2022 was $900,379. This figure represents the cost incurred by Monicals Pizza for leasing properties or equipment necessary for its operations during that year. It's important to note that this is just one component of the overall lease expenses.
In addition to operating lease expenses, Monicals Pizza also incurred finance lease expenses, which include the amortization of right-of-use assets and interest on lease liabilities. In 2022, these amounted to $219,501 and $16,152, respectively. When combined, the total lease expense for Monicals Pizza in 2022 was $1,136,032.
For a prospective franchisee, understanding these lease expenses is crucial. While this data reflects the company's overall expenses, franchisees will also face lease costs for their individual locations. These costs can significantly impact profitability, so careful consideration of lease terms and expenses is essential when evaluating a Monicals Pizza franchise opportunity.