As of December 31, 2023, what was the total amount of insurance proceeds due to the Issuer from Bojangles?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| Due to Issuer: | ||||
|---|---|---|---|---|
| Insurance proceeds | 280 | - |
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, as of December 31, 2023, the amount of insurance proceeds due to the Issuer was zero. This means that Bojangles did not owe any insurance proceeds to the Issuer as of that date.
The table in Item 22 of the FDD lists amounts due to BRI (Bojangles Restaurants, Inc.) and amounts due to the Issuer. For December 31, 2023, under the "Due to Issuer" category, the "Insurance proceeds" line shows a value of "-", indicating no amount was due.
Prospective franchisees should pay close attention to these types of disclosures in the FDD, as they provide insight into the financial relationships between Bojangles and its related entities. Understanding these relationships can help franchisees better assess the financial stability and potential risks associated with investing in a Bojangles franchise.