Are the financial statements for Ben's Soft Pretzels audited?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
pecific franchisee organization which has asked to be included in the disclosure document.
ITEM 21 FINANCIAL STATEMENTS
Attached to this Disclosure Document as Exhibit D are our audited financial statements for our fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022, and an unaudited balance sheet and income statement for the period ending March 31, 2025. Our fiscal year end is December 31.
EXHIBIT D
FINANCIAL STATEMENTS
BEN'S SOFT PRETZELS FRANCHISING CORPORATION
FINANCIAL REPORT
December 31, 2024, 2023, and 2022
CONTENTS
| INDEPENDENT AUDITOR'S REPORT | 1-2 |
|---|---|
| FINANCIAL STATEMENTS | |
| Balance Sheets | 3-4 |
| Statements of Income and Retained Earnings | 5 |
| Statements of Cash Flows | 6-7 |
| Notes to Financial Statements | 8-18 |
INDEPENDENT AUDITOR'S REPORT
To Management of Ben's Soft Pretzels Franchising Corporation Goshen, IN
Opinion
We have audited the accompanying financial statements of Ben's Soft Pretzels Franchising Corporation (an Indiana S corporation), which comprise the balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of income and retained earnings, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Ben's Soft Pretzels' 2025 Franchise Disclosure Document, the company provides both audited and unaudited financial statements. The FDD includes audited financial statements for the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022. These audited statements include balance sheets, statements of income and retained earnings, and statements of cash flows. Insight Accounting Group, P.C. performed the audit, with their report issued on June 9, 2025.
An independent auditor's report is included, stating that the financial statements present fairly the financial position of Ben's Soft Pretzels Franchising Corporation as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
In addition to the audited financial statements, Ben's Soft Pretzels also includes an unaudited balance sheet and income statement for the period ending March 31, 2025. The FDD explicitly states that these financial statements were prepared without an audit, and prospective franchisees should be aware that no certified public accountant has audited these figures or expressed an opinion on their content or form. This is a fairly common practice, as the audited statements may lag due to the time required for the audit process.