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What was the reported value of prepaids for Bens Soft Pretzels in 2022?

Bens_Soft_Pretzels Franchise · 2025 FDD

Answer 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.

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.