What was the reported amount of rebates receivable for Bens Soft Pretzels in 2024?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
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BEN'S SOFT PRETZELS FRANCHISING CORPORATION STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income | $ 338,260 | $ 262,767 | $ 325,475 |
| Adjustments to reconcile net income to net | |||
| cash provided by operating activities | |||
| Depreciation | 54,160 | 49,812 | 29,526 |
| Gain on sale of asset | (33,000) | - | - |
| ERC grant income | - | - | (6,027 |
| (Increase) decrease in assets | |||
| Accounts receivable, net | (138,340) | 8,305 | (66,654 |
| Franchise fees receivable | 6,000 | 19,000 | (34,000 |
| Related party receivables | 65,070 | (27,995) | (346,005 |
| Rebates receivable | 6,998 | (5,090) | (2,796 |
| Other current assets | (5,031) | (22,512) | 4,494 |
| Increase (decrease) in liabilities | |||
| Accounts payable | (12,562) | (8,191) | 24,844 |
| Accounts payable - related parties | 7,643 | (1,044) | 6,508 |
| Gift cards payable | 1,292 | 5,198 | 5,392 |
| Accrued salaries and wages | 5,469 | 4,667 | 1,503 |
| Accrued property tax | 600 | 7,500 | - |
| Deferred revenue and rebates | 43,708 | (47,358) | 40,935 |
| Other current liabilities | 1,608 | - | - |
| Net cash from operating activities | 341,875 | 245,059 | (16,805 |
| Cash flows from investing activities | |||
| Purchase of property and equipment | (52,360) | (329,093) | (101,578 |
| Net cash from investing activities | (52,360) | (329,093) | (101,578 |
| Cash flows from financing activities | |||
| Proceeds from long-term debt | - | 247,200 | - |
| ERC grant proceeds | - | - | 6,027 |
| Principal payments on long-term debt | (21,768) | (20,751) | (12,048 |
| Distributions | (212,385) | (121,663) | (55,884 |
| Net cash from financing activities | $ (234,153) | $ 104,786 | $ (61,905 |
BEN'S SOFT PRETZELS FRANCHISING CORPORATION STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024, 2023
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the rebates receivable for the company in 2024 was $6,998. This figure is part of the statement of cash flows, specifically within the cash flows from operating activities section. It represents an increase in assets related to rebates during that year.
For a prospective franchisee, rebates receivable can be an indicator of vendor negotiations and potential cost savings passed on from suppliers. An increase in rebates receivable could suggest improved purchasing strategies or favorable supplier agreements that benefit the franchisor, and potentially the franchisee as well through lower supply costs or other incentives.
However, it's important to note that rebates receivable are subject to collection, and the actual cash flow impact depends on the successful realization of these rebates. Franchisees should inquire about the nature of these rebates, the terms of collection, and how they are ultimately used or distributed within the Bens Soft Pretzels system. Understanding the details behind this figure can provide a more complete picture of the company's financial health and operational efficiency.