What was the value of lease assets obtained in exchange for new lease obligations for Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| Supplemental Disclosure of Cash Flow Information: | ||
|---|---|---|
| Lease assets obtained in exchange for new lease obligations | $ 47,474 | $ - |
| Name | Percentage Ownership % % % % |
Source: Item 23 — RECEIPTS (FDD pages 39–172)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the value of lease assets obtained in exchange for new lease obligations is detailed in the supplemental disclosure of cash flow information. The FDD indicates that the value for lease assets obtained in exchange for new lease obligations was $47,474 in one period and $0 in another period.
This information is relevant for prospective franchisees as it provides insight into the company's financial activities related to leasing. Understanding the value of lease assets and obligations can help franchisees assess the financial health and stability of Pearce Bespoke.
It is important to note that this figure represents the value of lease assets obtained in exchange for new lease obligations, which may not reflect the total value of all lease-related transactions. Franchisees should consider this information in conjunction with other financial disclosures in the FDD to gain a comprehensive understanding of Pearce Bespoke's leasing practices.