What was the amount of 'Provisions' related to the changes in noncontrolling interest from distributions (repurchases), including repayments on shareholder notes receivable for Brueggers Bagels?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Changes in noncontrolling interest from: | | Distributions (repurchases), including | | repayments on shareholder notes receivable | (3,623) | | Changes in noncontrolling interest from: | | Distributions (repurchases), including | | repayments on shareholder notes receivable | (15,673) | | Changes in noncontrolling interest from: | | Distributions (repurchases), including | | repayments on shareholder notes receivable | (1,773) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the provisions related to changes in noncontrolling interest from distributions (repurchases), including repayments on shareholder notes receivable, were as follows:
For the period ending December 27, 2022, the amount was reported as a deduction of $3,623. For the period ending December 26, 2023, the amount was reported as a deduction of $15,673. For the period ending December 31, 2024, the amount was reported as a deduction of $1,773.
This indicates the financial adjustments made to account for changes in ownership stakes not held by the parent company, specifically those arising from distributing capital, repurchasing shares, or settling shareholder debts. For a prospective franchisee, this information provides insight into how Brueggers Bagels manages its equity structure and related transactions, which can impact the overall financial health and stability of the company.