What was the total value of Bojangles' cash and cash equivalents in 2023?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
would influence the judgment made by a reasonable user based on the consolidated financial statements.
In performing an audit in accordance with US GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures inclu
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $31,885,000 in 2023. This figure represents the amount of liquid assets readily available to Bojangles for immediate use. Cash equivalents are short-term investments that can be easily converted into cash, such as money market funds or treasury bills.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance indicates financial stability and the ability to support franchisees. It can also reflect the company's capacity to invest in marketing, research, and development, and other initiatives that benefit the entire franchise system.
However, it is important to consider this figure in the context of Bojangles's overall financial health, including its liabilities, revenues, and expenses. A high cash balance does not necessarily guarantee success, and a lower balance is not always a sign of trouble. Further due diligence, including a review of the complete financial statements and discussions with existing franchisees, is essential to assess the financial viability of the franchise opportunity.