What was the amount of net income for Brueggers Bagels?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| al liabilities and shareholders' equity | $ | 1,448,750 | $ | 1,371,760 |
|---|
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands)
| December 31, 2024 | December 26, 2023 | December 27, 2022 | |
|---|---|---|---|
| Coffeehouse and bagel bakery sales | $ 928,364 | $ 859,563 | $ 792,112 |
| Franchise royalties and fees | 29,393 | 26,126 | 23,426 |
| Franchise advertising sales | 5,277 | 4,347 | 4,017 |
| Franchise and commercial product sales | 98,930 | 161,441 | 150,136 |
| Net sales | 1,061,964 | 1,051,477 | 969,691 |
| Cost of goods sold | 226,684 | 216,401 | 203,878 |
| Labor | 272,016 | 248,045 | 240,207 |
| Occupancy | 91,836 | 85,519 | 83,686 |
| Other operating expenses | 144,214 | 132,419 | 113,309 |
| Total coffeehouse and bagel bakery expense | 734,750 | 682,384 | 641,080 |
| Franchise operations and other expenses | 3,276 | 3,406 | 2,307 |
| Ad fund expense franchise | 5,277 | 4,408 | 4,017 |
| Franchise and commercial product cost of goods sold | 74,289 | 126,434 | 116,077 |
| Depreciation and amortization | 45,304 | 40,071 | 40,926 |
| General and administrative expenses | 117,472 | 102,607 | 85,453 |
| Pre-opening expenses | 4,614 | 2,450 | 2,830 |
| Total costs and expenses | 984,982 | 961,760 | 892,690 |
| Operating income | 76,982 | 89,717 | 77,001 |
| Interest expense, net | 2,990 | 16,186 | 18,100 |
| Pre-tax income | 73,992 | 73,531 | 58,901 |
| Income tax expense | 16,297 | 13,991 | 8,686 |
| Net income | $ 57,695 | $ 59,540 | $ 50,215 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the net income attributable to Caribou Coffee Company, Inc. and Affiliates was $55,963 for the fiscal year ended December 31, 2024. In the previous years, the net income was $57,740 for the fiscal year ended December 26, 2023, and $48,684 for the fiscal year ended December 27, 2022. These figures represent the income remaining after all expenses, including cost of goods sold, labor, operating expenses, interest, and taxes, have been deducted from total revenues.
For a prospective franchisee, understanding the net income trend of Brueggers Bagels is crucial. While net income can fluctuate year to year due to various factors, it provides insight into the overall financial health and profitability of the company. A consistent or growing net income suggests a stable and potentially lucrative franchise system. Conversely, a declining net income trend may warrant further investigation into the reasons behind the decrease.
It is important to note that these figures represent the net income attributable to Caribou Coffee Company, Inc. and Affiliates, not the net income of an individual Brueggers Bagels franchise location. A prospective franchisee should review Item 19 in the FDD and speak with existing franchisees to understand the potential financial performance of a single unit. Additionally, they should consider factors such as location, operating costs, and market conditions, which can significantly impact the profitability of their specific franchise.