What was the net value of Bojangles' property and equipment in 2023?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, 2024 | December 31, 2023 | December 25, 2022 | |
|---|---|---|---|
| Property and equipment, net | $152,086 | $148,548 | $138,873 |
(dollars in thousands, except par values and per unit values)
Depreciation and amortization expense related to property and equipment was $25,035, $21,700, and $17,756 for the years ended December 29, 2024, December 31, 2023 and December 25, 2022, respectively.
The Company recognized property and equipment impairment charges of $787 during the year ended December 29, 2024 and no property and equipment impairment charges during the years ended December 31, 2023 and December 25, 2022.
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, the net value of property and equipment in 2023 was $148,548,000. This figure represents the value of all physical assets owned by Bojangles, such as buildings, equipment, and land, after accounting for accumulated depreciation. This number is expressed in thousands of dollars.
For a prospective franchisee, understanding the net value of Bojangles' property and equipment can provide insights into the company's financial health and investment in its infrastructure. A higher net value may indicate a strong asset base and a commitment to maintaining and upgrading its facilities. It's important to note that this figure reflects the company-owned operations and does not directly represent the investment required for a franchisee to open their own Bojangles restaurant.
In addition, the FDD states that depreciation and amortization expense related to property and equipment was $21,700,000 for the year ended December 31, 2023. The company also recognized no property and equipment impairment charges during the year ended December 31, 2023. These figures, along with the net value of property and equipment, can be useful for a franchisee to assess the overall financial performance and stability of Bojangles.