How much was the depreciation and amortization expense for Brueggers Bagels in 2022?
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 depreciation and amortization expense for the company in the fiscal year ended December 27, 2022, was $40,926.
Depreciation and amortization are accounting methods used to allocate the cost of tangible (depreciation) and intangible (amortization) assets over their useful lives. For Brueggers Bagels, this expense includes the reduction in value of assets like equipment, leasehold improvements, and certain intangible assets such as tradenames, customer relationships, franchise agreements, and reacquired franchise rights.
For a prospective franchisee, understanding the depreciation and amortization expense is crucial because it reflects the capital investment Brueggers Bagels makes in its operations and how these investments are accounted for over time. While franchisees do not directly pay this expense, it is factored into the overall financial health and profitability of the company, which can affect the long-term stability and support available to franchisees. Additionally, the methods and useful lives used for depreciation can impact the reported earnings and financial ratios of Brueggers Bagels.