What was the net income for Bens Soft Pretzels in 2024?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
ETZELS FRANCHISING CORPORATION STATEMENTS OF INCOME AND RETAINED EARNINGS
For the Years Ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | } | 2022 | } | ||
|---|---|---|---|---|---|---|
| Amount | % | Amount | % | Amount | % | |
| Revenues | ||||||
| Initial franchise fee revenue | $ 120,792 | 7.32 | $ 147,358 | 9.74 | $ 128,065 | 10.25 |
| Royalty fee revenue | 1,202,010 | 72.79 | 1,064,701 | 70.39 | 877,461 | 70.26 |
| Advertising fund revenue | 243,430 | 14.74 | 232,493 | 15.37 | 190,874 | 15.28 |
| Other income | 84,978 | 5.15 | 68,006 | 4.50 | 52,606 | 4.21 |
| Net sales | 1,651,210 | 100.00 | 1,512,558 | 100.00 | 1,249,006 | 100.00 |
| Operating expenses | 1,333,609 | 80.77 | 1,236,732 | 81.76 | 927,960 | 74.30 |
| Income from operations | 317,601 | 19.23 | 275,826 | 18.24 | 321,046 | 25.70 |
| Other income (expense) | ||||||
| ERC grant income | - | - | - | - | 6,027 | 0.48 |
| Interest income | 4,641 | 0.28 | 2,124 | 0.14 | 17 | - |
| Interest expense | (16,409) | (0.99) | (14,720) | (0.97) | (1,405) | (0.11) |
| Gain on sale of asset | 33,000 | 2.00 | ||||
| Total other income (expense) | 21,232 | 1.29 | (12,596) | (0.83) | 4,639 | 0.37 |
| Income before income taxes | 338,833 | 20.52 | 263,230 | 17.41 | 325,685 | 26.07 |
| State taxes | (573) | (0.03) | (463) | (0.03) | (210) | (0.02) |
| NET INCOME | 338,260 | 20.49 | 262,767 | 17.38 | 325,475 | 26.05 |
| Retained earnings, beginning | 928,302 | 787,113 | 517,522 | |||
| D |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, the company's net income for the year 2024 was $338,260. The FDD also provides net income figures for the preceding years, with $262,767 in 2023 and $325,475 in 2022. This information is derived from the Statements of Income and Retained Earnings included in the financial statements. These figures are audited, providing a degree of confidence in their accuracy.
Analyzing the net income alongside other financial data, such as revenue and expenses, can offer a more comprehensive understanding of Bens Soft Pretzels's financial health. For instance, in 2024, the net sales were $1,651,210 and operating expenses were $1,333,609, resulting in an income from operations of $317,601. Other income and expenses, including interest and gains on asset sales, further contributed to the final net income figure. A prospective franchisee should review these figures to understand the franchisor's profitability and how it has trended over the past three years.
It's important for potential franchisees to understand that the franchisor's financial performance does not directly guarantee the success of an individual franchise. Factors such as location, local market conditions, and the franchisee's management skills will significantly impact the profitability of their own Bens Soft Pretzels location. However, a financially stable franchisor is more likely to provide better support and resources to its franchisees, which can indirectly contribute to their success. Therefore, reviewing the franchisor's financial statements is a crucial step in the due diligence process.
Furthermore, the FDD includes additional financial statements such as balance sheets and statements of cash flows, which provide a more detailed view of Bens Soft Pretzels's financial position. These statements, along with the notes to the financial statements, can offer insights into the company's assets, liabilities, and cash flow management. A thorough review of all these financial documents is recommended to assess the overall financial stability and performance of Bens Soft Pretzels before making a decision to invest in a franchise.