What was the net value of Bojangles' accounts receivable after allowance for December 31, 2023?
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 |
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 $4,676,000 as of December 31, 2023. This figure represents the amount Bojangles expected to collect from its outstanding accounts receivable after accounting for potential uncollectible amounts.
For a prospective franchisee, understanding the accounts receivable is crucial because it reflects the financial health and efficiency of Bojangles' operations. A higher net accounts receivable suggests that Bojangles is effectively managing its credit and collections, while a lower number might indicate potential issues with collecting payments.
This information is part of Bojangles' overall financial picture, which helps potential franchisees assess the stability and profitability of the franchise. Reviewing these figures in comparison to previous years and industry benchmarks can provide valuable insights into the company's financial performance and risk factors.