What was the reported value of prepaids for Bens Soft Pretzels in 2022?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
p, P.C.
Elkhart, IN June 9, 2025
BEN'S SOFT PRETZELS FRANCHISING CORPORATION BALANCE SHEETS
December 31, 2024, 2023, and 2022
| 2024 | 2024 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 542,890 | $ | 487,528 | $ 466,776 | |
| Accounts receivable, net | 255,151 | 116,811 | 125,116 | |||
| Franchise fees receivable | 15,000 | 21,000 | 40,000 | |||
| Related party receivables | 460,463 | 525,533 | 497,538 | |||
| Rebates receivable | 18,548 | 25, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the value of prepaids reported on the balance sheet for the year 2022 was $5,317. This figure is part of the current assets listed on the balance sheets for the fiscal years ending December 31, 2024, 2023, and 2022.
Prepaids typically represent expenses that Bens Soft Pretzels has paid in advance for goods or services that will be used in the future. These could include items like prepaid insurance, rent, or other services. The amount listed as prepaids is an asset because it represents a future benefit to the company.
For a prospective franchisee, understanding the level of prepaid assets can offer insights into the company's financial management and obligations. While a relatively small prepaid balance like $5,317 in 2022 may not be a major concern, significant fluctuations in this balance over time could warrant further investigation to understand the underlying reasons and potential impact on the franchisee's investment.