What is management required to evaluate regarding Bojangles' ability to continue as a going concern when preparing financial statements?

According to Bojangles's 2025 Franchise Disclosure Document, when preparing consolidated financial statements, the management is required to evaluate whether any conditions or events, when considered in total, could raise substantial doubt about the company's ability to continue operating as a going concern for one year after the date that the consolidated financial statements are issued.

This evaluation is a standard accounting practice, ensuring that the financial statements provide a realistic view of the company's financial health. It requires Bojangles's management to assess all known risks and uncertainties that could impact the company's ability to meet its obligations and continue operations for the next year.

For a prospective franchisee, this indicates that Bojangles's financial statements are prepared with a focus on long-term viability. It also means that the management is actively assessing the company's ability to remain a stable and ongoing business, which can be a reassuring factor for someone considering investing in a Bojangles franchise.