What is the difference in property and equipment between 2022 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 | 460,463 | 525,533 | 497,538 | |||
| Rebates receivable | 18,548 | 25,546 | 20,456 | |||
| Prepaids | 32,860 | 27,829 | 5,317 | |||
| Total current assets | 1,324,912 | 1,204,247 | 1,155,203 | |||
| Property and equipment | ||||||
| Property and equipment | 623,478 | 591,332 | 262,239 | |||
| Less accumulated depreciation | (167,053) | (166,107) | (116,295) | |||
| N |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the net property and equipment for 2022 was $145,944, while in 2024 it was $456,425. This represents a difference of $310,481. This increase in net property and equipment from 2022 to 2024 could reflect investments in new equipment, facilities, or other assets that support the franchising operations of Bens Soft Pretzels.
For a prospective franchisee, this information provides insight into the capital investments made by Bens Soft Pretzels over the past few years. A significant increase in property and equipment could indicate growth and expansion, which may be a positive sign. However, it is important to consider the context of these investments. For example, are they related to supporting new franchisees, improving existing operations, or developing new products or services?
It would be prudent for a potential Bens Soft Pretzels franchisee to inquire about the specific nature of these property and equipment investments. Understanding the purpose and impact of these investments can help a franchisee assess the financial health and strategic direction of the company. Additionally, it may be useful to compare these figures to industry benchmarks to determine if Bens Soft Pretzels' investment in property and equipment is in line with its peers.