What was the total long-term debt for Potbelly Sandwich Works as of December 29, 2024?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
ts of long-term debt were as follows:
| December 29, 2024 | December 31, 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 |
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 long-term debt as of December 29, 2024, was $4,000. This figure is in thousands of dollars.
It's important to note that this debt is classified as "long-term debt" which typically includes obligations due more than one year from the balance sheet date. This can include bank loans, bonds, and other financing arrangements.
For comparison, the total long-term debt as of December 31, 2023, was $19,168 (in thousands). The decrease in long-term debt from 2023 to 2024 could be due to repayments of principal, refinancing, or other debt management activities. A prospective franchisee should investigate the reasons for this change and understand Potbelly Sandwich Works's debt obligations and repayment schedule.
Understanding the debt structure of Potbelly Sandwich Works is crucial for potential franchisees as it provides insight into the financial stability and leverage of the company. High debt levels can indicate higher financial risk, while lower levels may suggest a more stable financial position.