What was the 'PBI equity contribution' for Brueggers Bagels in 2023?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance, December 27, 2022 $ | 58,552 2 1,125,385 $ 2 11 $ 3 11,872 $ 2,913 $ - $ 1 44,162 $ 517,710 | | Net income | 840 - - - 960 - 5 7,740 59,540 | | Adjustments required under tax sharing | | agreement | - 8 30 830 | | Stock based compensation expense | 9,790 - - - - - - 9,790 | | Accrued interest on shareholder note receivable | (58) - - - - - - (58) | | PBI equity contribution | - 1 89,626 2 1 8,796 - - - 18,798 | | Dividend | (302) - - (18,472) - - - (18,774) | | Distribution of noncontrolling interest | - - - - (929) - - (929) | | Changes in noncontrolling interest from: | | Distributions (repurchases), including repayments on shareholder notes receivable | | Contributions (share issuances), net of shareholder notes | (15,673) - - - - - - (15,673) | | receivable | 1,277 - - - - - - 1,277 | | Fair value remeasurements | 2,644 - - (2,644) - - - - | | Balance, December 26, 2023 | 57,070 2 1,315,011 213 3 10,382 2,944 - 2 01,902 572,511 |
Source: Item 23 — RECEIPTS (FDD pages 61–335)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the PBI equity contribution in 2023 was $18,798. This contribution is part of the changes in noncontrolling interest and is reflected in the balance sheet calculations. The balance sheet provides a summary of financial transactions affecting non-controlling interests over a period of time.
Specifically, the table details various financial activities such as net income, adjustments required under tax sharing agreements, stock-based compensation expenses, accrued interest on shareholder notes receivable, unrealized gains on derivative securities, reclassification of losses on cash flow hedges, settlements of derivative securities, distributions of non-controlling interests, changes in non-controlling interests from distributions and contributions, and fair value remeasurements. These activities ultimately affect the total balance of non-controlling interests in Brueggers Bagels.
For a prospective franchisee, understanding these figures is crucial as it provides insight into the financial structure and transactions occurring within Brueggers Bagels. While the franchisee may not directly engage in these high-level financial transactions, they reflect the overall financial health and management of the company, which can impact the support, resources, and stability available to franchisees.