According to the 2025 FDD, Bens Soft Pretzels's net accounts receivable was $125,116 in 2022 and $255,151 in 2024. This represents an increase of $130,035 in net accounts receivable between 2022 and 2024.

Accounts receivable represents the money owed to Bens Soft Pretzels by its franchisees, primarily for royalties, ad fund fees, and gift card sales. The increase in accounts receivable could be due to a variety of factors, such as an increase in the number of franchises, an increase in sales at existing franchises, or a change in the payment terms offered to franchisees.

It's important to note that these figures are net of an allowance for credit losses, which represents the amount of accounts receivable that Bens Soft Pretzels does not expect to collect. As of December 31, 2024, 2023, and 2022, the balance of the allowance for credit losses was $20,000, $0, and $0, respectively. This indicates that Bens Soft Pretzels increased their allowance for credit losses in 2024, which could be due to concerns about the ability of some franchisees to pay their debts.

A prospective franchisee should consider the trend in accounts receivable and the allowance for credit losses when evaluating the financial health of Bens Soft Pretzels. A significant increase in accounts receivable, coupled with an increase in the allowance for credit losses, could be a warning sign that the franchisor is having trouble collecting payments from its franchisees.