What were the total current liabilities for Bens Soft Pretzels in 2022?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
$ | 1,629,472 | $ 1,301,147 | |
BEN'S SOFT PRETZELS FRANCHISING CORPORATION BALANCE SHEETS
December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| LIABILITIES AND | |||
| STOCKHOLDERS' EQUITY | |||
| Current liabilities | |||
| Current maturities of deferred revenue | $ 112,547 | $ 102,473 | $ 115,774 |
| Current maturities of deferred rebates | 3,000 | - | - |
| Current maturities of long-term debt | 13,001 | 22,051 | 12,584 |
| Accounts payable | 15,411 | 27,973 | 36,164 |
| Accounts payable - related parties | 16,558 | 8,915 | 9,959 |
| Gift cards payable | 82,465 | 81,173 | 75,975 |
| Accrued salaries and wages | 15,575 | 10,106 | 5,439 |
| Accrued property tax | 8,100 | 7,500 | - |
| Accrued distributions | 3,059 | 3,059 | 3,144 |
| Other c |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, Bens Soft Pretzels' total current liabilities for the year 2022 were $259,039. Current liabilities represent the company's obligations that are due within one year. These liabilities include items such as current maturities of deferred revenue, current maturities of long-term debt, accounts payable, accounts payable to related parties, gift cards payable, accrued salaries and wages, accrued property tax, accrued distributions, and other current liabilities.
For a prospective franchisee, understanding the franchisor's liabilities is crucial as it provides insight into the financial stability and health of Bens Soft Pretzels. A high level of current liabilities relative to current assets could indicate potential liquidity issues, which might affect the franchisor's ability to support its franchisees. Conversely, a manageable level of liabilities suggests that the franchisor is financially stable and capable of meeting its short-term obligations.
The FDD provides a breakdown of the specific components contributing to the total current liabilities. This detailed information allows potential franchisees to assess the nature of these obligations and evaluate the franchisor's financial risk. Reviewing these figures over the three years presented (2022, 2023, and 2024) can also reveal trends and patterns in the company's financial management, offering a more comprehensive view of its financial health.
It is important for prospective franchisees to consult with a financial advisor to fully understand the implications of Bens Soft Pretzels' liabilities and how they might affect the franchise system. This due diligence can help in making an informed decision about investing in a Bens Soft Pretzels franchise.