What was the amount due to Bojangles from BRI for payroll and related expenses as of December 29, 2024?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
, for these costs which are included in the Company-operated restaurant labor costs on the accompanying statements of income.
401(k) Plan
BRI, acting in its capacity as Manager, allows restaurant crew and managers of t
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, as of December 29, 2024, the amount due to BRI (Bojangles Restaurants, Inc.) from Bojangles for payroll and related expenses was $2,979 (in thousands). This figure represents the outstanding balance for payroll and associated costs that Bojangles owed to BRI at that specific point in time. For comparison, the amount due on December 31, 2023, was $4,172 (in thousands).
This related-party transaction is important for prospective franchisees to understand because it highlights the financial relationship between Bojangles and its management company, BRI. BRI manages various aspects of Bojangles's operations, including employing restaurant crew and managers. Bojangles reimburses BRI for these costs.
Understanding these related-party transactions can help a potential franchisee assess the overall financial health and operational structure of Bojangles. It is a common practice for franchise systems to have related-party transactions, but the extent and nature of these transactions can vary significantly. Therefore, it is essential for franchisees to carefully review these disclosures and seek clarification from the franchisor if needed to fully understand their implications.