What were the total operating activities for Brueggers Bagels in 2022?
Brueggers_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| al liabilities and shareholders' equity | $ | 1,448,750 | $ | 1,371,760 |
|---|
CARIBOU COFFEE COMPANY, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands)
| December 31, 2024 | December 26, 2023 | December 27, 2022 | |
|---|---|---|---|
| Coffeehouse and bagel bakery sales | $ 928,364 | $ 859,563 | $ 792,112 |
| Franchise royalties and fees | 29,393 | 26,126 | 23,426 |
| Franchise advertising sales | 5,277 | 4,347 | 4,017 |
| Franchise and commercial product sales | 98,930 | 161,441 | 150,136 |
| Net sales | 1,061,964 | 1,051,477 | 969,691 |
| Cost of goods sold | 226,684 | 216,401 | 203,878 |
| Labor | 272,016 | 248,045 | 240,207 |
| Occupancy | 91,836 | 85,519 | 83,686 |
| Other operating expenses | 144,214 | 132,419 | 113,309 |
| Total coffeehouse and bagel bakery expense | 734,750 | 682,384 | 641,080 |
| Franchise operations and other expenses | 3,276 | 3,406 | 2,307 |
| Ad fund expense franchise | 5,277 | 4,408 | 4,017 |
| Franchise and commercial product cost of goods sold | 74,289 | 126,434 | 116,077 |
| Depreciation and amortization | 45,304 | 40,071 | 40,926 |
| General and administrative expenses | 117,472 | 102,607 | 85,453 |
| Pre-opening expenses | 4,614 | 2,450 | 2,830 |
| Total costs and expenses | 984,982 | 961,760 | 892,690 |
| Operating income | 76,982 | 89,717 | 77,001 |
| Interest expense, net | 2,990 | 16,186 | 18,100 |
| Pre-tax income | 73,992 | 73,531 | 58,901 |
| Income tax expense | 16,297 | 13,991 | 8,686 |
| Net income | $ 57,695 | $ 59,540 | $ 50,215 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels's 2025 Franchise Disclosure Document, the brand had several components that factored into its total operating activities for the fiscal year ended December 27, 2022. These include coffeehouse and bagel bakery sales of $792,112, franchise royalties and fees of $23,426, franchise advertising sales of $4,017, and franchise and commercial product sales of $150,136. These figures combine for net sales of $969,691.
On the expense side, Brueggers Bagels had a cost of goods sold of $203,878, labor costs of $240,207, occupancy expenses of $83,686, and other operating expenses totaling $113,309. The total coffeehouse and bagel bakery expense was $641,080. Additional expenses included franchise operations and other expenses of $2,307, ad fund expenses franchise of $4,017, franchise and commercial product cost of goods sold at $116,077, depreciation and amortization expenses of $40,926, general and administrative expenses of $85,453, and pre-opening expenses of $2,830. Cumulatively, the total costs and expenses amounted to $892,690.
Brueggers Bagels' operating income for 2022 was $77,001. Factoring in interest expenses, net of $18,100, the pre-tax income was $58,901. After accounting for income tax expenses of $8,686, the net income was $50,215. Finally, less net income attributable to noncontrolling interest of $1,531, the net income attributable to Caribou Coffee Company, Inc. and Affiliates was $48,684.
Prospective franchisees should note that these figures represent the overall financial performance of Brueggers Bagels and its affiliates, and may not be representative of the performance of an individual franchise location. Factors such as location, management, and local market conditions can significantly impact a franchise's financial results. Reviewing this data can help potential franchisees understand the broader financial context of the Brueggers Bagels franchise system.