What was the total member's equity for Bojangles Opco, LLC as of December 31, 2023?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
| (dollars in thousands) | December 29, 2024 | December 31, 2023 | December 25, 2022 |
|---|---|---|---|
| Revenues | |||
| Company-operated restaurant revenues | $ 593,957 | $ 594,036 | $ 544,368 |
| Franchise royalty revenues | 47,116 | 42,204 | 39,311 |
| Property and equipment rental revenues | 9,609 | 8,939 | 9,955 |
| Other franchise revenues | 954 | 1,546 | 536 |
| Total revenues | 651,636 | 646,725 | 594,170 |
| Restaurant operating expenses | |||
| Company-operated restaurant food and packaging costs | 178,743 | 184,476 | 183,354 |
| Company-operated restaurant labor costs | 175,628 | 184,777 | 174,606 |
| Company-operated restaurant operating costs | 142,494 | 139,712 | 136,080 |
| Company-operated restaurant depreciation and amortization | 23,890 | 20,156 | 15,89 |
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the total member's equity for Bojangles Opco, LLC as of December 31, 2023, was $600,600 (in thousands). This figure represents the cumulative financial interest of the members in the company at that specific point in time. It reflects the net assets of the company attributable to its members.
The provided table also details the changes in member's equity over the three-year period. For the year ending December 31, 2023, these changes included contributions of property and equipment amounting to $45,468 (in thousands), distributions of $109,403 (in thousands), and net income of $49,231 (in thousands). These figures illustrate the various factors that influenced the total member's equity during that year.
Understanding the components of member's equity can be crucial for prospective franchisees. Contributions of property and equipment indicate investments made into the company's assets, while distributions represent amounts paid out to members. Net income reflects the profitability of the company, all of which impact the overall financial health and stability of Bojangles. Reviewing these figures over multiple years, as presented in the table, can provide insights into the financial trends and performance of the company.