What was the total value of other assets reported for Brueggers Bagels as of December 26, 2023?
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: |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Brueggers Bagels' 2025 Franchise Disclosure Document, the total value of other assets as of December 26, 2023, was $851,990. This figure is a component of the company's total assets, which amounted to $1,371,760 on that date. Other assets include items like goodwill ($384,813), trademarks net of amortization ($457,500), other intangible assets net of amortization ($7,370), deposits and other assets ($2,307).
For a prospective Brueggers Bagels franchisee, understanding the composition and value of these 'other assets' is crucial. Goodwill, for instance, represents the intangible value of the Brueggers Bagels brand and its customer relationships. Trademarks are also a significant intangible asset, reflecting the brand's recognition and reputation. The value of these assets can influence the overall financial health and stability of the company, which in turn can affect the franchisee's investment and potential returns.
It's important to note that the value of these assets can fluctuate over time due to various factors, such as market conditions, brand performance, and accounting practices. For example, intangible assets are subject to amortization, which gradually reduces their value over their useful life. Additionally, goodwill is subject to impairment testing, and its value may be written down if it is determined to be impaired. Therefore, a prospective franchisee should carefully review the company's financial statements and consult with a financial advisor to assess the risks and opportunities associated with these assets.