What was the amount of repayments under the Term Loan for Potbelly Sandwich Works in 2024?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 29, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Revolving Facility | $ 4,000 | $ — |
| Term Loan | — | 22,162 |
| Unamortized debt issuance costs | — | (1,744) |
| Less: current portion of long-term debt | — | (1,250) |
| Total long-term debt | $ 4,000 | $ 19,168 |
Source: Item 23 — RECEIPTS (FDD pages 79–355)
What This Means (2025 FDD)
According to Potbelly Sandwich Works' 2025 Franchise Disclosure Document, the Term Loan amount as of December 29, 2024, was not specified. However, the FDD does state that as of December 31, 2023, the Term Loan was $22,162.
The document also lists a Revolving Facility of $4,000 as of December 29, 2024, and no amount for December 31, 2023. The total long-term debt is listed as $4,000 as of December 29, 2024, and $19,168 as of December 31, 2023.
Prospective franchisees should note that the FDD provides a snapshot of Potbelly Sandwich Works' debt situation at specific points in time. The absence of a specific Term Loan figure for 2024 means franchisees need to seek clarification from Potbelly Sandwich Works regarding the repayment schedule and outstanding balance of the Term Loan during 2024 to fully understand the company's financial obligations.