What was the total equity for Potbelly Sandwich Works at the end of December 26, 2021?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
thousands)
| Comme | on Sto | ck | Treasury | _ | Additional Paid-In- | Accumulated | Non- Controlling | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | I | Amount | Stock | Warrants | Capital | Deficit | Interest | To | otal Equity | |||
| Balance at December 26, 2021 | 28,380 | $ | 380 | $ (114,577) | $ 2,566 | $ | 452,570 | $ (343,261 | .) $ | (95) | $ |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–49)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the total equity at the end of December 26, 2021, was $-2,417 (in thousands). This figure is derived from the consolidated balance sheets which include common stock, treasury stock, warrants, additional paid-in capital, accumulated deficit, non-controlling interest, and other equity components.
For a prospective franchisee, understanding the franchisor's equity is crucial as it reflects the financial stability and overall health of Potbelly Sandwich Works. A negative equity, as was the case at the end of 2021, could indicate financial challenges or significant accumulated losses. This might affect the franchisor's ability to support franchisees, invest in innovation, or maintain brand standards.
It is important to note that this equity figure is part of a broader financial picture. Franchisees should review the complete financial statements and consult with a financial advisor to assess the implications of Potbelly Sandwich Works's financial position on their potential investment. Monitoring the trend of equity over several years, as presented in the document, provides a more comprehensive view of the company's financial performance and stability.