What is the total deferred revenue for open SBRs for Moes Southwest Grill?

According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, the deferred revenue for open SBRs (Satellite Brand Restaurants) is $32,440 as of the fiscal year ended December 29, 2024. This deferred revenue represents payments that Moe's Southwest Grill has received but not yet recognized as revenue on its income statement because the company still has an obligation to provide services or fulfill other requirements. In this case, it relates to performance obligations for open SBRs that are partially satisfied at the end of the year. The FDD also provides a breakdown of when the company expects to recognize this revenue in the future.

Specifically, Moe's Southwest Grill anticipates recognizing $3,348 in 2025, $2,875 in 2026, $2,730 in 2027, $2,563 in 2028, $2,335 in 2029, and $18,589 thereafter. This schedule indicates that the deferred revenue will be recognized over several years, aligning with the terms of the franchise agreements. For a prospective franchisee, understanding deferred revenue is crucial because it reflects the financial obligations and future revenue recognition of the franchisor.

This information is valuable for potential franchisees as it provides insight into the financial health and revenue recognition practices of Moe's Southwest Grill. It's important to note that this deferred revenue only accounts for open SBRs. The FDD also mentions deferred revenue associated with unopened SBRs, which is accounted for separately. Reviewing these figures helps potential franchisees understand the financial obligations and projected revenue streams of the franchisor, which can aid in making an informed investment decision.