What was the total amount of sublease receipts for Remax from 2025-2029?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
nds):
| Rent Payments | Sublease Receipts | Total Cash Outflows | ||
|---|---|---|---|---|
| Year ending December 31: | ||||
| 2025 | $ | 10,278 | (1,764) | $ 8,514 |
| 2026 | 10,373 | (1,674) | 8,699 | |
| 2027 | 10,397 | (1,707) | 8,690 | |
| 2028 | 3,204 | (574) | 2,630 | |
| 2029 | 232 | — | 232 | |
| Thereafter | 314 | — | 314 | |
| Total lease payments | $ | 34,798 | $ (5,719) | $ 29,079 |
| Less: imputed interest | 3,573 | |||
| Present value of lease liabilities | $ | 31,225 |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the company had sublease receipts from 2025 to 2029. In 2025, the sublease receipts totaled ($1,764). In 2026, the sublease receipts totaled ($1,674). In 2027, the sublease receipts totaled ($1,707). In 2028, the sublease receipts totaled ($574). In 2029, there is a dash (—) in place of a number.
To calculate the total sublease receipts for Remax from 2025 to 2028, we add these values together: ($1,764) + ($1,674) + ($1,707) + ($574) = ($5,719). The FDD does not provide a value for 2029, so it is not included in the calculation.
It is important to note that these sublease receipts are presented as negative values, indicating that they are deductions from rent payments. For a prospective franchisee, this information provides insight into how Remax manages its lease obligations and generates income from subleasing portions of its corporate headquarters.