What was the depreciation and amortization expense for Bojangles for the year ended December 31, 2023?

According to Bojangles's 2025 Franchise Disclosure Document, depreciation and amortization expense related to property and equipment was $21,700 for the year ended December 31, 2023. Additionally, amortization expense related to franchise rights was $1,533 for the same period. These expenses are included in the overall depreciation and amortization expense reported in Bojangles's consolidated financial statements.

In practical terms, this means that Bojangles recognized a total expense of $21,700 for the depreciation and amortization of its property and equipment, plus $1,533 for the amortization of franchise rights during the 2023 fiscal year. Depreciation reflects the reduction in value of tangible assets like buildings and equipment due to wear and tear, while amortization is the equivalent concept for intangible assets like franchise rights. These are non-cash expenses that reflect the allocation of the cost of these assets over their useful lives.

For a prospective franchisee, understanding these figures provides insight into how Bojangles accounts for its assets and manages its expenses. While franchisees won't directly incur these specific expenses at the corporate level, they will have their own depreciation and amortization related to their individual franchise operations. Knowing the franchisor's accounting practices can help franchisees better understand their own financial statements and how their investments in assets will be accounted for over time.

It's important to note that these figures are specific to the corporate entity, Bojangles Opco, LLC, and do not reflect the financial performance of individual franchise locations. Franchisees should focus on understanding their own specific depreciation and amortization expenses based on their investments in property, equipment, and franchise rights.