What were the total company-operated restaurant labor costs for Bojangles as of December 31, 2023?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
----------------|----------------------| | 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 | | Property and equipment, net | 84,985 | 83,611 | | Goodwill, net | 142,758 | 175,663 | | Brand | 340,500 | 340,500 | | Franchise rights, net | 36,928 | 38,461 | | Right of use | 210,703 | 215,821 | | Other noncurrent assets | 892 | 811 | | Total assets | $ 846,460 | $ 887,040 | | Liabilities and Member's Equity | | | | Current liabilities | | | | Accounts payable | $ 9,694 | $ 9,547 | | Accrued expenses | 13,829 | 9,743 | | Due to related parties | 1,442 | 7,562 | | Current operating lease liabilities | 32,981 | 31,132 | | Current maturities of finance lease obligations | 1,396 | 807 | | Current deferred revenue | 575 | 533 | | Total current liabilities | 59,917 | 59,324 | | | | | | Operating lease liabilities, less current portion | 205,416 | 215,418 | | Finance lease obligations, less current maturities | 3,791 | 2,325 | | Deferred revenue, less current portion | 10,208 | 9,373 | | | | | | Total liabilities | 279,332 | 286,440 | | Commitments and contingencies - See Note 8 and 10 | | | | Member's equity | 567,128 | 600,600 | | Total liabilities and member's equity | $ 846,460 | $ 887,040 |
Bojangles Opco, LLC Statements of Income For the Years Ended December 29, 2024, December 31, 2023 and December 25, 2022
| (dollars in thousands) | December 29, 2024 | December 31, 2023 | December
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the company-operated restaurant labor costs as of December 31, 2023, were $184,777,000. This figure represents the total expenses Bojangles incurred for labor at its company-owned restaurants during that fiscal year.
For a prospective franchisee, understanding these costs is crucial as it provides insight into the operational expenses of running a Bojangles restaurant. While franchisees will be responsible for their own labor costs, this data offers a benchmark for comparison and helps in forecasting expenses for their own franchise. It's important to note that labor costs can vary based on location, local minimum wage laws, and management practices.
This information is part of a broader financial overview that Bojangles provides, allowing potential franchisees to assess the financial health and operational efficiency of the company. Reviewing these figures in conjunction with other financial data, such as food and packaging costs and operating costs, can give a well-rounded view of the investment required and potential profitability. Franchisees should also inquire about any specific strategies or technologies Bojangles employs to manage and optimize labor costs, as these can be valuable insights for their own operations.