What was the franchise royalty revenue for Bojangles as of December 31, 2023?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------|----------------------| | Assets | | | | Current assets | | | | Cash and cash equivalents | $ 16,381 | $ 20,361 | | Accounts receivables, net of allowance of | | | | $115 and $93, respectively | 6,614 | 4,676 | | Vendor receivables | 2,732 | 2,747 | | Inventories, net | 3,549 | 3,981 | | Prepaid and other current assets | 418 | 408 | | Total current assets | 29,694 | 32,173 | | Property and equipment, net | 84,985 | 83,611 | | Goodwill, net | 142,758 | 175,663 | | Brand | 340,500 | 340,500 | | Franchise rights, net
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the franchise royalty revenues for the year ending December 31, 2023, were $42,204,000. This figure represents the income Bojangles received from its franchisees based on a percentage of their gross sales. Franchise royalty revenues are a key indicator of the health and performance of the franchise system, reflecting the sales success of individual franchise locations.
For a prospective Bojangles franchisee, this number highlights the revenue-generating capability of the franchise system as a whole. It demonstrates the brand's ability to generate sales across its franchise network, which directly impacts the royalties paid to the franchisor. A consistently growing royalty revenue stream can be seen as a positive sign, suggesting that franchisees are performing well and the brand is maintaining or increasing its market presence.
It's important to note that while this figure provides insight into the overall financial health of Bojangles' franchise operations, it doesn't reflect the profitability of individual franchise locations. Prospective franchisees should conduct their own due diligence, including reviewing the Item 19 financial performance representations in the FDD and speaking with existing franchisees, to assess the potential profitability of their own Bojangles franchise.