What was the increase due to cash received for Bojangles deferred revenue as of December 29, 2024?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
dule by fiscal years subsequent to December 29, 2024 of future rental payments required under leases that have initial or remaining noncancelable lease terms in excess of one year, together with the present value of such future lease payments:
| 2025 | $ | 50,297 | $ | 1,690 | $ | 51,987 | |
|---|---|---|---|---|---|---|---|
| 2026 | 47,882 | 1,391 | 49,273 | ||||
| 2027 | 44,937 | 1,205 | 46,142 | ||||
| 2028 | 39,487 | 1,082 | 40,569 | ||||
| 2029 | 32,381 | 523 | 32,904 | ||||
| Thereafter | 106,662 | - | 106,662 | ||||
| Future lease payments | 321,646 | 5,891 | 327,537 | ||||
| Less: Amounts representing interest | (83,249) | (704) | (83,953) | ||||
| Present value of net lease | 238,397 | 5,187 | 243,584 | ||||
| payments | |||||||
| Less: Current portion | (32,981) | (1,396) | (34,377) | ||||
| Noncurrent portion | $ | 205,416 | $ | 3,791 | $ | 209,207 |
The total future minimum lease payments have not been reduced by the future minimum sublease rentals due from lessees.
The following are the future contractual sublease rentals due from lessees for the fiscal years subsequent to December
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the increase due to cash received for deferred revenue as of December 29, 2024, was $2,000. This deferred revenue represents initial franchise license and development fees that Bojangles has received but has not yet fulfilled its obligations for under the franchise agreements. This deferred revenue is a liability on Bojangles' balance sheet until it is recognized as earned revenue.
For a prospective Bojangles franchisee, this figure indicates the amount of cash Bojangles received related to future obligations. The deferred revenue balance as of December 29, 2024, was $10,783, with a current portion of $575 and a noncurrent portion of $10,208. This means that Bojangles held $10,783 in deferred revenue, with $575 expected to be recognized within the next year and $10,208 beyond that.
In the previous year, as of December 31, 2023, the increase due to cash received was also $2,000. The deferred revenue balance as of this date was $9,906, with a current portion of $533 and a noncurrent portion of $9,373. This shows a consistent trend in cash received and deferred revenue management for Bojangles.
Prior to that, as of December 25, 2022, the increase due to cash received was $1,535, and the deferred revenue balance was $9,917. These figures provide insight into how Bojangles manages its franchise fees and obligations over time, which can be useful for potential franchisees in understanding the financial dynamics of the franchise system.