What was the net value of property and equipment for Brueggers Bagels as of December 26, 2023?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
wned coffeehouses and bagel bakeries and Company-owned coffeehouses and bagel bakeries were determined to have a fair value of $0.5 million, resulting in an impairment loss of $0.2 million.
As of December 26, 2023, long-lived assets held and used with a carrying amount of $0.9 million associated with distinct underperforming Company-owned coffeehouses and bagel bakeries were determined to have a fair value of $0.7 million, resulting in an impairment loss of $0.2 million.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, determining the precise net value of property and equipment as of December 26, 2023, requires piecing together information from the financial statements. The document indicates that for underperforming locations, long-lived assets held and used had a carrying amount of $0.9 million and a fair value of $0.7 million, resulting in an impairment loss of $0.2 million as of December 26, 2023.
Additionally, the net asset retirement obligation asset included in property, plant, and equipment, net of accumulated depreciation and amortization, was less than $0.1 million for the fiscal year ended December 26, 2023. The net asset retirement obligation liability was $0.3 million for the same period.
However, the FDD does not provide a single, consolidated figure for the total net value of all property and equipment for Brueggers Bagels as of that specific date. A prospective franchisee would need to request a complete balance sheet or further clarification from Brueggers Bagels to obtain this comprehensive valuation.