For Ben Jerrys, what do the receivables primarily relate to?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
idated financial statements include allocations from these companies for these expenses, which include approximately $5,011 for personnel costs, $125 for rent and utility costs and $232 for other services in 2024, and $5,203 for personnel costs and $117 for rent and utility costs and $178 for other services in 2023.
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 2024 and 2023 was $4,449 and $4,644, respectively.
The intercompany receivables and payables balances are settled on a periodic basis. All amounts due to and from the Parent are presented separately as a single net amount on the consolidated balance sheet as the Company has both the right and the intent to offset amounts due to and from the Parent. Due from Parent to the Company was $35,002 a
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerry's 2025 Franchise Disclosure Document, the company facilitates the sale of bulk ice cream tubs from Homemade, Inc. to both company-owned and franchise scoop shops. Ben & Jerry's earns commission revenue of 20% on these facilitated sales.
The FDD also states that the intercompany receivables and payables balances are settled periodically. Amounts owed to and from the Parent company are presented as a single net amount on the consolidated balance sheet. As of December 31, 2024, the amount due from Parent to Ben & Jerry's was $35,002,000 and as of December 31, 2023, the amount was $23,241,000; these amounts are presented as current assets on the balance sheet.
Amounts due to and from Conopco, the Related party, are also presented as a single net amount on the consolidated balance sheet. As of December 31, 2024, the amount due to the Related party from Ben & Jerry's was $17,261,000, and as of December 31, 2023, it was $7,282,000.