What was the total liabilities and stockholders' equity 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 current liabilities | 1,608 | - | _ |
| Total current liabilities | 271,324 | 263,250 | 259,039 |
| Long-term liabilities | |||
| Deferred revenue - franchise fee | 332,002 | 300,060 | 346,954 |
| Deferred revenue - related party | - | 234 | 698 |
| Deferred revenue - rebate incentive | 12,000 | - | - |
| Long-term debt | 230,382 | 252,150 | 25,701 |
| 6 | 574,384 | 552,444 | 373,353 |
| Less current maturities of deferred | , | , | , |
| revenue, rebates, and long-term debt | (128,548) | (124,524) | (128,358 |
| Total long-term liabilities | 445,836 | 427,920 | 244,995 |
| Total liabilities | 717,160 | 691,170 | 504,034 |
| Stockholders' equity | |||
| Common stock, no par value, 1,000,000 | |||
| shares authorized, 10,000 shares | |||
| issued and outstanding | 10,000 | 10,000 | 10,000 |
| Retained earnings | 1,054,177 | 928,302 | 787,113 |
| Total stockholders' equity | 1, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the total liabilities and stockholders' equity for the company in 2022 was $1,301,147. This figure represents the sum of all the company's obligations to creditors and the value of the owners' stake in the company at the end of that fiscal year.
Specifically, this total is composed of $504,034 in total liabilities and $797,113 in total stockholders' equity. Liabilities include both current obligations like accounts payable and accrued expenses, as well as long-term debts and deferred revenue. Stockholders' equity represents the residual value of the company after deducting liabilities from assets, comprising common stock and retained earnings.
For a prospective franchisee, this number provides a snapshot of Bens Soft Pretzels' financial health and capital structure. A higher total liabilities and stockholders' equity generally indicates a larger and potentially more stable company. Reviewing these figures over several years, as presented in the FDD, can reveal trends in the company's financial performance and capitalization.