What is the total minimum lease receipts amount for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: Receipts]
The future minimum lease receipts scheduled to be received for the next five years and thereafter are as follows:
| Operating leases Year Ending December 31, (1) | Finance leases |
|---|---|
| 2025 $ 41 | $ 2 |
| 2026 37 | 2 |
| 2027 34 | — |
| 2028 34 | — |
| 2029 33 | — |
| Thereafter 174 | — |
| Total minimum lease payments | $ 4 |
| Less: amount representing interest (75) | — |
| Present value of minimum lease payments $ 278 | $ 4 |
[Item 23: Receipts]
| Year Ending December 31, | ((1) | |
|---|---|---|
| 2025 | $ | 5 |
| 2026 | 3 | |
| 2027 | 3 | |
| 2028 | 1 | |
| 2029 | 1 | |
| Thereafter | 5 | |
| Total minimum lease receipts | $ | 18 |
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the total minimum lease receipts are detailed in Item 23. One table shows the future minimum lease receipts scheduled to be received for the next five years and thereafter.
Specifically, for operating leases, the amounts are $41 for 2025, 37 for 2026, 34 for 2027, 34 for 2028, 33 for 2029, and 174 thereafter, totaling $353. After deducting $75 representing interest, the present value of minimum lease payments is $278. For finance leases, the amounts are $2 for 2025, 2 for 2026, and $4 for the total minimum lease payments.
Another table provides different figures, showing total minimum lease receipts of $18. This is calculated from $ 5 in 2025, 3 in 2026, 3 in 2027, 1 in 2028, 1 in 2029, and 5 thereafter. It is important for a prospective franchisee to clarify with The Standardx which set of figures applies to their specific situation, as there appear to be discrepancies or different categories of leases being reported.
It is essential for potential franchisees to understand the nature of these lease obligations and receipts, as they can significantly impact the financial health of the franchise. Consulting with a financial advisor to interpret these figures in the context of the overall investment is highly recommended.