For what years are the audited consolidated financial statements of Walker Parent, Inc. and subsidiaries included for Bojangles?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
Also attached as Exhibit N are the audited consolidated financial statements of Walker Parent, Inc. and subsidiaries as of December 29, 2024 and December 31, 2023 and for the years ended December 29, 2024, December 31, 2023 and December 25, 2022. These financials are being included for disclosure purposes only. As reflected in Item 1, BRI, which is also a subsidiary of Walker Parent and Bojangles', Inc., is our Manager and will perform certain services on our behalf, including post-sale support and services to franchisees, under a Management Agreement with us. Neither BRI nor Walker Parent is a party to any Franchise Agreement or Development Agreement that we sign with franchisees, nor guarantees any of our obligations under any Franchise Agreement or Development Agreement that we sign with franchisees.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the audited consolidated financial statements of Walker Parent, Inc. and subsidiaries are included for the years ended December 29, 2024, December 31, 2023, and December 25, 2022. The financial statements are included for disclosure purposes only. Walker Parent, Inc. is the parent company of BRI and Bojangles', Inc. BRI is Bojangles's manager and will perform certain services, including post-sale support and services to franchisees, under a Management Agreement.
It is important to note that neither BRI nor Walker Parent is a party to any Franchise Agreement or Development Agreement that Bojangles signs with franchisees, nor do they guarantee any of Bojangles's obligations under any Franchise Agreement or Development Agreement. This means that while Walker Parent, Inc.'s financials provide insight into the overall financial health of the parent company, franchisees should be aware that their agreements are directly with Bojangles and not its parent entities.
Prospective franchisees should carefully review these financial statements and consider seeking professional financial advice to understand the implications of Walker Parent, Inc.'s financial performance on Bojangles's ability to support its franchisees. Understanding the relationship between Bojangles and its parent company, as well as the role of BRI as the manager, is crucial for making an informed investment decision.