What was the change in prepaid expenses and other assets for Potbelly Sandwich Works in 2022?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
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| December 29, 2024 | December 31, 2023 | ||||
|---|---|---|---|---|---|
| Assets | |||||
| Current assets | |||||
| Cash and cash equivalents | $ 11,663 | $ | 33,788 | ||
| Accounts receivable, net of allowances of $22 and $26 as of December 29, 2024 and December 31, | 9,765 | 7,960 | |||
| 2023, respectively | |||||
| Inventories | 3,744 | 3,516 | |||
| Prepaid expenses and other current assets | 7,882 | 7,828 | |||
| Assets classified as held-for-sale | 147 | — | |||
| Total current assets | $ 33,201 | $ | 53 |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–49)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided financial statements for Potbelly Sandwich Works do not include data for 2022. The balance sheet data includes figures for December 29, 2024, and December 31, 2023.
Specifically, the line item for 'Prepaid expenses and other current assets' shows $7,882 as of December 29, 2024, and $7,828 as of December 31, 2023. This indicates an increase of $54 in prepaid expenses and other current assets from the end of 2023 to the end of 2024.
To determine the change in prepaid expenses and other assets for Potbelly Sandwich Works in 2022, a prospective franchisee should request the 2022 financial statements from the franchisor. This information is essential for a comprehensive understanding of the company's financial performance and trends.