Are consolidated statements of cash flow included in the Brueggers Bagels consolidated financial statements?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
GRANT THORNTON LLP REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors and Shareholders Caribou Coffee Company, Inc
Opinion
We have audited the consolidated financial statements of Caribou Coffee Company, Inc (a Delaware corporation) and subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and December 26, 2023, and the related consolidated statements of operations and comprehensive income, changes in shareholders' equity, and cash flows for the three years ended December 31, 2024, December 26, 2023, and December 27, 2022, and the related notes to the consolidated financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to the 2025 FDD, the consolidated financial statements of Caribou Coffee Company, Inc., which includes Brueggers Bagels, do include consolidated statements of cash flows. The independent auditor's report from Grant Thornton LLP states that their audit of Caribou Coffee Company, Inc. included the consolidated statements of operations and comprehensive income, changes in shareholders' equity, and cash flows for the three years ended December 31, 2024, December 26, 2023, and December 27, 2022.
This means that prospective Brueggers Bagels franchisees can review these statements to understand the cash inflows and outflows of the parent company and its subsidiaries, including Brueggers Bagels. These statements provide insights into how the company generates and uses cash, which is crucial for assessing its financial health and stability.
The inclusion of these statements, audited by an independent firm, enhances the transparency and reliability of the financial information presented in the FDD. This allows potential franchisees to make more informed decisions about investing in a Brueggers Bagels franchise.