What services do Homemade and Conopco, Inc. perform on behalf of Ben Jerrys?
Ben_Jerrys Franchise · 2025 FDDAnswer from 2025 FDD Document
| INTERIM Q1 2025 Financial Statements Unaudited | | |---|---| | As of March 31, 2025 | | | | | | Ben & Jerry's Franchising, Inc. | | | Balance Sheet | | | (In thousands) | | | | | | Assets | | | Current assets: | | | Cash | $ 1 ,503 | | Accounts Receivable, less allowance for doubtful accounts | | | of $45 and $115 at March 31, 2022 and 2021, respectively | 363 | | Due from parent, net | 3 7,043 | | Inventories | 192 | | Prepaid expenses and other current assets | 228 | | Total current assets | 3 9,329 | | | | | Deferred tax assets | 472 | | Fixed assets, net | 388 | | Right of use assets, operating | 250 | | | | | Intangible assets, net | 705 | | Total assets | 4 1,144 | | | | | | | | Liabilities and Equity | | | Current liabilities: | | | Accounts payable | $ 673 | | Accrued liabilities | 1,193 | | Due to related party | 1 9,399 | | Current tax liabilities | 458 | | Current portion of operating lease liability | 79 | | Deferred revenue | 73 | | Total current liabilities | 2 1,875 | | | | | Deferred revenue, non-current | 333 | | Non-current portion of operating lease liability | 190 | | Total liabilities | 2 2,398 | | | | | Equity: | | | Additional paid-in capital | 1 4,311 | | Retained earnings | 4,435 | | | | | Total equity | 1 8,745 | | Total liabilities and equity | $ 41,144 | The estimated revenue in the table above does not contemplate future franchise renewals or new franchise agreements for which a franchise agreement does not exist at December 31, 2024.
(8) Transactions with Parent
Homemade, and its parent, Conopco, Inc., perform a number of services on behalf of the Company. These services include cash management, the processing of accounts payable and payroll, and the payment of workers compensation, insurance, and income taxes. The Company reimburses Homemade and its parent Conopco, Inc. for all amounts processed and/or paid on the Company's behalf.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 89–133)
What This Means (2025 FDD)
According to Ben Jerrys's 2025 Franchise Disclosure Document, Homemade and Conopco, Inc. provide several services to Ben Jerrys. These services encompass cash management, processing accounts payable and payroll, and paying workers' compensation, insurance, and income taxes. Ben Jerrys reimburses Homemade and Conopco for all amounts processed or paid on its behalf.
The financial statements include allocations from these companies for these expenses. In 2024, these allocations included approximately $5,011 for personnel costs, $125 for rent and utility costs, and $232 for other services. In 2023, the allocations were approximately $5,203 for personnel costs, $117 for rent and utility costs, and $178 for other services.
Additionally, Conopco has committed to providing additional funding to Ben Jerrys if needed. Ben Jerrys also relies on Unilever and Homemade to provide management, administrative, and operational support. These relationships and support systems are crucial for Ben Jerrys's operations and financial stability.