What was the total assets amount for Brueggers Bagels as of December 31, 2024?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
that we identified during the audit.
Denver, Colorado March 27, 2025
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS
(in thousands (except share information))
| December 31, 2024 | December 26, 2023 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current assets: | ||||
| Cash and cash equivalents | $ | 69,161 | $ | 75,357 |
| Trade accounts receivable, net | 17,930 | 27,649 | ||
| Other accounts receivable | 1,635 | 1,514 | ||
| Inventories | 19,011 | 28,267 | ||
| Prepaid expenses and other assets | 5,117 | 4,479 | ||
| Total current assets | 112,854 | 137,266 | ||
| Operating lease assets | 258,184 | 237,322 | ||
| Property and equipment, net | 181,735 | 145,182 | ||
| Other assets: | ||||
| Goodwill | 341,885 | 384,813 | ||
| Trademarks, net | 457,500 | 457,500 | ||
| Other intangible assets, net | 4,487 | 7,370 | ||
| Note receivable | 89,842 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the company's total assets as of December 31, 2024, amounted to $1,448,750. This figure represents the sum of all the company's possessions and resources at that specific point in time. These assets are categorized into current assets, operating lease assets, property and equipment, and other assets.
Breaking down the asset composition, Brueggers Bagels' current assets totaled $112,854, encompassing cash and cash equivalents, trade accounts receivable, other accounts receivable, inventories, and prepaid expenses. Operating lease assets were valued at $258,184, reflecting the company's rights to use leased properties. Property and equipment, net of depreciation, amounted to $181,735, representing the physical assets owned by the company. Other assets, including goodwill, trademarks, other intangible assets, a note receivable, and deposits, totaled $895,977.
For a prospective franchisee, understanding the asset base of Brueggers Bagels provides insight into the financial health and scale of the company. A substantial asset base can indicate stability and the capacity to support franchisees. However, it is essential to consider the composition of these assets. For instance, a significant portion of intangible assets like goodwill and trademarks suggests the importance of brand recognition and market position for Brueggers Bagels. Franchisees should further investigate the nature and quality of these assets to assess their potential impact on their investment and business operations.