What was the total current liabilities 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 | - | ||
| Deposit and other | 2,263 | 2,307 | ||
| Total other assets | 895,977 | 851,990 | ||
| Total assets | $ | 1,448,750 | $ | 1,371,760 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Current liabilities: | ||||
| Accounts payable | $ | 47,463 | $ | 86,504 |
| Accrued expenses | 98,974 | 69,713 | ||
| Current operating lease liabilities | 61,033 | 57,646 | ||
| Current portion of long-term debt | 2,124 | 3,841 | ||
| Total current liabilities | 209,594 | 217,704 | ||
| Long-term debt, net of unamortized discount | 76,711 | 266,820 | ||
| Deferred income taxes, net | 103,301 | 100,840 | ||
| Long-term operating lease liabilities | 227,058 | 208,793 | ||
| Other long-term liabilities | 105,071 | 5,092 | ||
| Total long-term liabilities | 512,141 | 581,545 | ||
| Commitments and contingencies | ||||
| Noncontrolling interests subject to put provisions | 52,454 | 57,070 | ||
| Shareholders' equity: | ||||
| Caribou Coffee Company, Inc. and Subsidiaries shareholders' | ||||
| Common stock, par value $0.01; 28,000,000 shares authorized; | ||||
| 21,315,011 shares issued and outstanding at December 31, 2024 and December 26, 2023, | ||||
| respectively | 213 | 213 | ||
| Additional paid-in capital | 413,561 | 310,382 | ||
| Retained earnings | 257,865 | 201,902 | ||
| Total shareholders' equity before non-controlling interest | 671,639 | 512,497 | ||
| N |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the total current liabilities as of December 31, 2024, were $209,594. This figure represents the sum of Brueggers Bagels's short-term financial obligations, including accounts payable, accrued expenses, current operating lease liabilities, and the current portion of long-term debt. These are the debts and obligations that Brueggers Bagels expects to settle within one year.
For a prospective franchisee, understanding the current liabilities of Brueggers Bagels is crucial as it provides insight into the company's short-term financial health and stability. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect the franchisor's ability to support its franchisees. Conversely, a manageable level of current liabilities suggests that Brueggers Bagels is well-positioned to meet its short-term obligations and invest in the growth of the franchise system.
It's also useful to compare the current liabilities with the previous year's figures to identify any significant changes or trends. In this case, the total current liabilities decreased from $217,704 in December 26, 2023, to $209,594 in December 31, 2024, which could indicate improved short-term financial management. A potential franchisee should investigate the reasons behind these changes to fully understand their implications.
When evaluating a franchise opportunity, it is advisable for potential franchisees to consult with a financial advisor to review the franchisor's financial statements and assess the overall financial health of the company. This will help in making an informed decision about investing in the franchise.