What was the total amount advanced by Bens Soft Pretzels to BSP Mobile during 2019?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
y, was outstanding and included in related party receivables.
December 31, 2024, 2023, and 2022
NOTE 4 – RELATED PARTY RECEIVABLES (CONTINUED)
During 2019, the Company advanced $19,093 to BSP Mobile, an entity related through common ownership. The advance was used to assist in the purchase of a vehicle. The balance is due on demand and no interest is being charged on this balance. BSP Mobile paid back $7,093 during 2020. BSP Mobile paid back $6,136 during 2022. BSP Mobile fully paid off in
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Ben's Soft Pretzels' 2025 Franchise Disclosure Document, the company advanced $19,093 to BSP Mobile during 2019. BSP Mobile is identified as an entity related through common ownership. The advance was specifically used to assist BSP Mobile in purchasing a vehicle.
The FDD also states that the balance was due on demand, and no interest was charged on this balance. BSP Mobile made partial repayments of $7,093 during 2020 and $6,136 during 2022. The full balance was paid off in 2023.
As of December 31, 2024, 2023, and 2022, the outstanding balance included in related party receivables was $0, $0, and $5,864, respectively. This indicates the loan was fully repaid by the end of 2023. This type of related-party transaction is not uncommon, but prospective franchisees should be aware of how Ben's Soft Pretzels manages its finances and relationships with affiliated entities.