What was the total amount for Brueggers Bagels related to the distributions (repurchases), including repayments on shareholder notes receivable?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
s under the ENRGI-EOP may sell the shares to ENRGI during specified investment periods for the then current fair value. Shareholders are subject to market risk on the value of their shares.
During the fiscal year ended December 31, 2024, less than 0.1 million shares were repurchased by ENRGI for $0.5 million, net of shareholder loans. During the fiscal year ended December 26, 2023, 0.2 million shares were repurchased by ENRGI for $12.8 million, net of shareholder loans. During the fiscal year ended December 31, 2024, 0.1 million outstanding shares were canceled by ENRG. Settlements for these cancellations totaled $11.7 million. Of this amount, $0.2 was paid during the fiscal year ended December 31, 2024 and $11.5 million is recorded in accrued expenses on the consolidated balance sheets as of that date. ENRG did not cancel any shares during the fiscal year ended December 26, 2023.
The estimated grant date fair value of each stock-based award is recognized in the consolidated statements of operations on a straight-line basis over the requisite service period (generally the vesting period). The fair value of the shares is estimated using a market approach, which estimates the value of the stock based upon comparison to comparable public companies in a similar line of business. From the comparable public companies, a representative market value multiple is determined and then applied to the Company's financial metrics.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, during the fiscal year ended December 31, 2024, ENRGI repurchased less than 0.1 million shares for $0.5 million, net of shareholder loans. In the fiscal year ended December 26, 2023, 0.2 million shares were repurchased for $12.8 million, net of shareholder loans. Additionally, during the fiscal year ended December 31, 2024, 0.1 million outstanding shares were canceled by ENRG, with settlements totaling $11.7 million, of which $0.2 million was paid during the fiscal year ended December 31, 2024, and $11.5 million is recorded in accrued expenses as of that date.
During the fiscal year ended December 31, 2024, $0.1 million of CCOC shareholder loans were paid in full. Less than $0.1 million of ENRGI shareholder loans were paid in full during the same period. These figures represent the company's activity in repurchasing shares and settling shareholder loans during the reported fiscal years.
Prospective franchisees should note that these transactions reflect the financial activities related to share repurchases and shareholder loan repayments, which are part of the overall financial management of Brueggers Bagels. Understanding these transactions can provide insights into the company's capital structure and its approach to managing equity and debt. It is important to consider these figures in the context of the company's overall financial performance and strategy.