What was the amount of franchise fees receivable for Bens Soft Pretzels in 2023?

According to Bens Soft Pretzels's 2025 Franchise Disclosure Document, the current portion of franchise fees receivable, net of the allowance for credit losses of $0, totaled $21,000 as of December 31, 2023. The non-current portion of franchise fees receivable totaled $0 as of December 31, 2023. This means that Bens Soft Pretzels had $21,000 in outstanding initial franchise fees that were expected to be collected within the next year. There was no non-current portion of franchise fees receivable, meaning there were no outstanding fees expected to be collected beyond the next year.

Bens Soft Pretzels allows franchise owners to pay the initial franchise fee over time based on specific payment arrangements. These amounts are typically to be paid within twelve months and are classified as a current asset on the balance sheet. No interest is charged on these balances. Franchise fee receivables are stated at the gross receivable less an allowance for credit losses.

For a prospective franchisee, this indicates that Bens Soft Pretzels is willing to offer payment plans for the initial franchise fee. However, it is important to note that these arrangements are not guaranteed and are subject to specific payment terms. The fact that Bens Soft Pretzels had $21,000 in franchise fees receivable in 2023 suggests that a number of franchisees were utilizing these payment plans.

It is important for a prospective franchisee to inquire about the specific requirements and eligibility criteria for these payment plans. Understanding the terms of these arrangements is crucial for managing their initial investment and cash flow during the early stages of operating a Bens Soft Pretzels franchise.