What is the reported useful life for buildings owned by Bojangles?

According to Bojangles's 2025 Franchise Disclosure Document, the company uses the straight-line method to depreciate its property and equipment over their estimated useful lives. For buildings, the useful life is up to 40 years. This depreciation method is also applied to furniture, fixtures, and equipment (up to 5 years), computer hardware and software (up to 5 years), and leasehold improvements and finance lease assets (the lesser of the economic life of the asset or the lease term).

This information is relevant for potential franchisees as it provides insight into how Bojangles accounts for its assets and calculates depreciation. Understanding these accounting practices can help franchisees better assess the financial health and stability of the company. It also gives franchisees an idea of how long Bojangles expects its assets, such as buildings, to remain in service, which can be useful for long-term planning and investment decisions.

It's important to note that the 40-year useful life for buildings is an upper limit, and the actual useful life of a specific building may vary depending on its condition, usage, and other factors. Additionally, these depreciation policies apply to company-owned assets, and franchisees may have different depreciation schedules for assets they own. Franchisees should consult with their own financial advisors to determine the most appropriate depreciation methods for their specific circumstances.