What was the reported cost of Bens Soft Pretzels' office furniture and fixtures in 2022?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
PERTY AND EQUIPMENT**
The cost of property and equipment and the related accumulated depreciation at December 31, 2024, 2023, and 2022 are as follows:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Office building | $ 236,125 | $ 236,125 | $ - |
| Land | 76,300 | 76,300 | - |
| Office furniture and fixtures | 26,323 | 25,641 | 20,021 |
| Kitchen equipment | 8,632 | 8,632 | 8,632 |
| Leasehold improvements | 11,048 | 11,048 | - |
| Company vehicles | 265,050 623,4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, Bens Soft Pretzels reported the cost of their office furniture and fixtures as $20,021 in 2022. This figure is part of the company's balance sheet, reflecting the historical cost of these assets. It's important to note that this value represents the original cost and does not reflect any depreciation that may have occurred over time.
For a prospective franchisee, understanding the franchisor's asset values can provide insights into the company's financial health and investment in infrastructure. While this specific figure doesn't directly impact a franchisee's initial investment, it contributes to the overall financial picture of Bens Soft Pretzels. Reviewing these figures over several years, as presented in the FDD, can reveal trends in the company's asset management and capital expenditures.
It is also important to consider that these figures pertain to the franchisor's corporate operations and not the individual franchise locations. Franchisees will have their own separate investments in furniture, fixtures, and equipment necessary for their specific Bens Soft Pretzels store. The FDD's Item 7 will provide an estimate of those initial costs for the franchisee.