What was the rental income for Bojangles for the year ended December 31, 2023?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
ease right-of-use assets and lease liabilities:
| December 29, 2024 | December 31, 2023 | |||||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Right of use (a) | $ | 210,703 | $ | 215,821 | ||
| Finance lease assets (b) | 4,660 | 2,514 | ||||
| Total lease assets | $ | 215,363 | $ | 218,335 | ||
| Liabilities | ||||||
| Current | ||||||
| Operating lease liabilities | $ | 32,981 | $ | 31,132 | ||
| Finance lease obligations | 1,396 | 807 | ||||
| Long-term | ||||||
| Operating lease liabilities | 205,416 | 215,4 |
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the income from leases and subleases, or rental income, for the year ended December 31, 2023, was $8,939 (in thousands). This figure represents income Bojangles received from leasing or subleasing properties.
For a prospective franchisee, this indicates that Bojangles engages in leasing or subleasing activities, generating income from its real estate holdings. This income can offset the company's rental expenses, as shown in the statement of income. Understanding the rental income helps to assess the overall financial performance and stability of Bojangles.
It's important to note that this rental income is at the corporate level and may not directly reflect the financial situation of an individual franchise location. However, it provides insight into how Bojangles manages its real estate portfolio and leverages its assets to generate additional revenue. Franchisees should focus on their own location's revenue and expenses, but understanding the corporate financial strategy can be beneficial.