What was the amount of Ben Jerrys' 'Due from parent, net' in 2022?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
nt and utility costs and $30 for other services in 2022.
Conopco has committed to provide additional funding to the Company, in the event that BJF requires such funds.
Ben & Jerry's Franchising, Inc. facilitates the sale of bulk tubs of ice cream by Homemade, Inc. to the Company-owned and franchise scoop shops. The Company receives commission revenue of 20%, on the sales they facilitate. The amount of commission revenue earned in 2023 and 2022 was
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys' 2025 Franchise Disclosure Document, the 'Due from parent, net' was $18,415,000 in 2022. This figure represents the net amount due from Ben Jerrys' parent company, Homemade, Inc., after offsetting intercompany receivables and payables. This balance is presented as a single net amount on the consolidated balance sheet because Ben Jerrys has the right and intent to offset amounts due to and from the Parent. This amount is classified as a current asset on the balance sheet.
For a prospective franchisee, understanding the 'Due from parent, net' is crucial because it reflects the financial interactions between Ben Jerrys and its parent company. A significant 'Due from parent' balance could indicate the parent company's financial support and involvement in Ben Jerrys' operations. It also reflects the extent to which Ben Jerrys relies on its parent company for financial transactions and support.
It is important to note that Homemade, and its parent, Conopco, Inc., provide various services to Ben Jerrys, including cash management, processing accounts payable and payroll, and paying for workers' compensation, insurance, and income taxes. Ben Jerrys reimburses Homemade and Conopco for these services. These transactions and the commitment from Conopco to provide additional funding to Ben Jerrys, if needed, highlight the integrated financial relationship within the corporate structure. A potential franchisee should consider this relationship when assessing the financial stability and operational support available to Ben Jerrys.