What were the distributions (repurchases), including repayments on shareholder notes receivable, for Brueggers Bagels?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
to shareholder loans on the consolidated statement of operations during each of the fiscal years ended December 31, 2024, December 26, 2023, and December 27, 2022, respectively.
Dividend
No dividends were declared or paid during the fiscal year ended December 31, 2024. In September 2023, the Company's Board of Directors declared dividends of $18.8 million payable to all shareholders. These dividends were paid in October 2023.
19. Bakery and Coffeehouse Closings, Transfers and Asset Disposals
Upon closing of a coffeehouse or bagel bakery, the Company accrues for estimated expenses associated with the closings.
Closing and disposal charges for the fiscal years ended December 31, 2024, December 26, 2023, and December 27, 2022 consist of the following (in thousands, except coffeehouse and bakery numbers):
| | Fiscal Year Ended | | | |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, no dividends were declared or paid during the fiscal year ended December 31, 2024. However, in September 2023, the Company's Board of Directors declared dividends of $18.8 million payable to all shareholders, which were paid in October 2023.
Regarding shareholder notes receivable, during the fiscal year ended December 31, 2024, $0.1 million of Caribou Coffee Operating Company (CCOC) shareholder loans were paid in full. No CCOC shareholder loans were paid in full during the fiscal year ended December 26, 2023. Additionally, during the fiscal year ended December 31, 2024, less than $0.1 million of Einstein Noah Restaurant Group, Inc. (ENRGI) shareholder loans were paid in full.
These figures reflect distributions and repayments made by Brueggers Bagels and its related entities. A prospective franchisee should consider these figures in the context of the overall financial health and management practices of the company. Understanding the patterns of dividend payments and shareholder loan repayments can provide insights into how the company allocates its financial resources.