What was the total value of Potbelly Sandwich Works' liabilities as of December 29, 2024?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
| Liabilities and equity | ||
|---|---|---|
| Current liabilities | ||
| Accounts payable | $ 9,552 | $ 9,927 |
| Accrued expenses | 32,872 | 35,377 |
| Short-term operating lease liabilities | 22,809 | 24,525 |
| Current portion of long-term debt | — | 1,250 |
| Total current liabilities | 65,233 | 71,078 |
| Long-term debt, net of current portion | 4,000 | 19,168 |
| Long-term operating lease liabilities | 127,929 | 142,050 |
| Other long-term liabilities | 8,036 | 6,070 |
| Total liabilities | 205,198 | 238,367 |
Source: Item 23 — RECEIPTS (FDD pages 79–355)
What This Means (2025 FDD)
According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the company's total liabilities as of December 29, 2024, were $205,198. This figure represents the sum of all current liabilities, long-term debt net of current portion, long-term operating lease liabilities, and other long-term liabilities.
Specifically, the current liabilities totaled $65,233, which includes accounts payable ($9,552), accrued expenses ($32,872), short-term operating lease liabilities ($22,809), and the current portion of long-term debt (which is $0 for this period). The long-term debt, net of the current portion, was $4,000. Long-term operating lease liabilities amounted to $127,929, and other long-term liabilities were $8,036.
A prospective franchisee should understand that these liabilities reflect Potbelly Sandwich Works's financial obligations and could impact the company's financial stability and ability to support its franchisees. Reviewing the trend in these liabilities over time, as well as understanding the nature of the obligations, is crucial for assessing the financial health of the franchisor. Comparing these figures to those of other similar franchises can also provide valuable context.