What was the value of the Revolving Facility 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 value of the Revolving Facility as of December 29, 2024, was $4,000 (in thousands). In comparison, as of December 31, 2023, the Revolving Facility was listed as $—, while the Term Loan was $22,162 (in thousands).
The Revolving Facility represents a line of credit available to Potbelly Sandwich Works for general corporate and working capital purposes. The increase in the Revolving Facility from $0 in 2023 to $4,000 in 2024 indicates that Potbelly Sandwich Works utilized this credit line during the 2024 fiscal year.
For a prospective franchisee, this information provides insight into the financial management and capital structure of Potbelly Sandwich Works. The presence of a Revolving Facility suggests that Potbelly Sandwich Works has access to additional funds if needed, which can be a sign of financial stability. However, it is important to note that utilizing the Revolving Facility also incurs interest expenses, which can impact the company's profitability. Franchisees may want to inquire about the specific terms and conditions of the Revolving Facility to fully understand its implications.