What was the net value of Bojangles' accounts receivable, after allowance, on December 29, 2024?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| (dollars in thousands) | December 29, 2024 | December 31, 2023 |
|---|---|---|
| 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 |
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, the net value of accounts receivable, after allowance, was $6,614,000 as of December 29, 2024. The allowance accounts for potential uncollectible amounts, with the allowance itself being $115,000. This figure is part of the company's current assets, which totaled $29,694,000.
For a prospective franchisee, accounts receivable represent money owed to Bojangles by its customers or other parties. The 'net' value is what Bojangles realistically expects to collect. A higher accounts receivable balance could indicate strong sales, but it also carries the risk of potential bad debt if not managed effectively.
Franchisees should pay attention to how Bojangles manages its accounts receivable and what policies are in place for handling uncollectible accounts. Understanding these practices can help franchisees better manage their own finances and assess the financial health of the overall Bojangles system.