BRUEGGER'S

Item 7 details a hefty entry: $693,800 to $1,227,150 initial investment, kicked off by a $35,000 franchise fee. Ongoing bites include 5% royalties, 3.5% brand/ad fund, and $300-$1,100 monthly system support fees. No Item 19 means no official revenue or profit figures, forcing buyers to scrutinize alternatives like the 10 SBA loans averaging $364,580 each—these suggest financing viability but hint at capital intensity for buildouts in high-traffic spots. With headquarters in Denver and a website at www.brueggers.com, the model targets carry-out and dine-in crowds craving bagels, sandwiches, soups, and coffee.

System metrics raise eyebrows: 48 franchised locations versus 130 corporate-owned, totaling near 180, but franchise count slipped from 49 in 2023 to 48 in 2024—a 2% contraction. Just 1 termination and 1 transfer signal stability, unlike the single litigation over a post-term operation breach. Heavy corporate dominance offers robust support via parent JAB Holding Company, yet the shrink prompts caution on expansion momentum. Buyers eyeing this must probe unit-level economics through validation calls and why franchising lags corporate growth.