What was the cash paid during the year for interest for Bens Soft Pretzels in the most recent year?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
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BEN'S SOFT PRETZELS FRANCHISING CORPORATION STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024, 2023, and 2022
| Net change in cash and cash equivalents | $ 55,362 | $ | 20,752 | $ (180,288) |
|---|---|---|---|---|
| Cash and cash equivalents, beginning of year | 487,528 | 466,776 | 647,064 | |
| Cash and cash equivalents, end of year | 542,890 | $ | 487,528 | $ 466,776 |
| Supplemental disclosure of cash flow information | ||||
| Cash paid during the year for interest | $ 16,409 | $ | 14,720 | $ 1,405 |
| Cash paid during the year for taxes | $ 573 | $ | 463 | $ 210 |
| Schedules of noncash investing and financing transactions Acquisitions of equipment | ||||
| Cost of equipment Trade-in allowance | $ 85,360 (33,000) | $ | 329,093 | $ 101,578 |
| Cash payment for equipment | $ 52,360 | $ | 329,093 | $ 101,578 |
| Distributions declared Plus |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the cash paid during the year for interest in 2024 was $16,409. The FDD also provides figures for the cash paid for interest in the two prior years. In 2023, Bens Soft Pretzels paid $14,720 in interest, and in 2022, the company paid $1,405.
These figures are important for prospective franchisees as they offer insight into the company's debt management and financial obligations. Interest payments can impact the overall profitability of the franchisor, which in turn could affect the support and services they provide to franchisees. Reviewing these trends over multiple years can give a better understanding of the franchisor's financial health and stability.
It is worth noting that these figures represent the cash paid for interest by the franchisor, Bens Soft Pretzels Franchising Corporation, and not the interest expenses that a franchisee might incur from loans used to finance their own franchise unit. A franchisee's interest expenses will depend on the amount they borrow, the interest rate on their loans, and the repayment terms they negotiate with their lender.