factual
When did the Lafayette Group fully pay off the advance from Bens Soft Pretzels?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
nd 2022, a total of $433,352, $425,893, and $390,634, respectively, was outstanding and included in related party receivables on the balance sheet.
During 2022, the Company advanced $5,787 to the Lafayette Group, an entity related through common ownership. This advance was fully paid off in 2023.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, Ben's Soft Pretzels advanced $5,787 to the Lafayette Group, an entity related through common ownership, during 2022. The advance was fully paid off in 2023. The related party receivables outstanding were $0 as of December 31, 2024 and 2023, and $5,787 as of December 31, 2022.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.