What is the difference in prepaids between 2023 and 2024 for Bens Soft Pretzels?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
p, P.C.
Elkhart, IN June 9, 2025
BEN'S SOFT PRETZELS FRANCHISING CORPORATION BALANCE SHEETS
December 31, 2024, 2023, and 2022
| 2024 | 2024 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 542,890 | $ | 487,528 | $ 466,776 | |
| Accounts receivable, net | 255,151 | 116,811 | 125,116 | |||
| Franchise fees receivable | 15,000 | 21,000 | 40,000 | |||
| Related party receivables | 460,46 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Ben's Soft Pretzels' 2025 Franchise Disclosure Document, the balance sheets show the prepaids for 2023 and 2024. Prepaids represent expenses that Ben's Soft Pretzels has paid in advance for goods or services that will be used in the future. These are listed as current assets on the balance sheet.
In 2024, the prepaids totaled $32,860, while in 2023, they totaled $27,829. This means that Ben's Soft Pretzels had $4,031 more in prepaid expenses in 2024 than in 2023.
For a prospective franchisee, understanding the franchisor's prepaid expenses can offer insights into their financial management and future obligations. Increases or decreases in prepaid expenses can reflect changes in the franchisor's operational strategies or vendor relationships. It is important to note that these figures reflect the franchisor's financial activities and not those of individual franchisees.