What was the amount of contingent rentals for The Standardx for the year ended December 31, 2022?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
----------|-------------------------|------|------|----|-----|--|--|--|--| | | 2024 | 2023 | 2022 | | | | | | | | Minimum rentals | $ 45 | $ | 49 | $ | 44 | | | | | | Contingent rentals | 29 | | 98 | | 111 | | | | | | Total operating lease expenses | $ 74 | $ | 147 | $ | 155 | | | | |
Total lease expenses related to short-term leases and finance leases
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the amount of contingent rentals for the year ended December 31, 2022, was $111. This figure is part of the broader operating lease expenses that The Standardx incurs.
Contingent rentals, unlike minimum rentals, typically depend on certain performance metrics or conditions being met. For a prospective franchisee, understanding the breakdown between minimum and contingent rentals is crucial. It provides insight into the variable components of lease expenses that could fluctuate based on business performance.
Reviewing these figures over several years, as presented in the table ($29 for 2024, $98 for 2023, and $111 for 2022), allows potential franchisees to identify trends and assess the stability of these expenses. This information is valuable for financial planning and forecasting, enabling a more informed decision about investing in a The Standardx franchise.