What was the value of assets acquired under operating leases, including modifications, for Bojangles in 2022, according to the supplemental cash flow disclosures?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
ployer matching expense related to the plan was $645, $593 and $530 for the years ended December 29, 2024, December 31, 2023 and December 25, 2022, respectively.
Property and Equipment
BRI, as Manager and in accordance with the terms set forth in the Management Agreement, indirectly contributes property and equipment to the Company to open new Company-operated restaurants, remodel existing restaurants, or provide other related fixed assets or improvements to new or existing restaurant locations. In addition, Issuer contributed to the Company property and equipment acquired with a portion of the proceeds from the sale of refranchised assets. Property and equipment indirectly contri
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the value of assets acquired under operating leases, including modifications, was $23,574,000 in 2022. This information is part of the supplemental cash flow disclosures.
For a prospective franchisee, this figure indicates the scale of Bojangles's investments in its operations through leasing rather than direct ownership of assets. Operating leases are a common way for businesses to access assets without incurring large upfront capital expenditures. These assets likely include restaurant locations and equipment necessary for Bojangles's operations.
The FDD also provides figures for other years, allowing a franchisee to see trends. In 2024, assets acquired under operating leases were $25,446,000 and in 2023, the amount was $23,157,000. Reviewing these figures over time can provide insight into Bojangles's growth strategy and capital management practices.