What was the amount of the Term Loan for Potbelly Sandwich Works as of December 31, 2023?
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's 2025 Franchise Disclosure Document, as of December 31, 2023, the Term Loan amount was $22,162. After accounting for unamortized debt issuance costs of $(1,744) and subtracting the current portion of long-term debt of $(1,250), the total long-term debt was $19,168.
This information is relevant for prospective franchisees as it provides insight into the financial obligations of Potbelly Sandwich Works. Understanding the company's debt structure can help franchisees assess the financial stability and overall health of the franchisor. A significant term loan might indicate substantial financial leverage, which could impact the franchisor's ability to support its franchisees or invest in the brand's future growth.
Franchisees should consider this data in conjunction with other financial metrics and information provided in the FDD to gain a comprehensive understanding of Potbelly Sandwich Works's financial position. It is also advisable to seek professional financial advice to interpret these figures in the context of their own investment goals and risk tolerance.