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What was the total reported assets 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 25,546 20,456
Prepaids 32,860 27,829 5,317
Total current assets 1,3

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)

What This Means (2025 FDD)

According to Bens Soft Pretzels' 2025 Franchise Disclosure Document, the balance sheets include data for 2022, 2023, and 2024. In 2022, Bens Soft Pretzels reported several categories of assets. Current assets included cash and cash equivalents of $466,776, accounts receivable (net) of $125,116, franchise fees receivable of $40,000, related party receivables of $497,538, rebates receivable of $20,456, and prepaids of $5,317. The total current assets for Bens Soft Pretzels in 2022 amounted to $1,155,203. Additionally, property and equipment were valued at $591,332.

These figures provide a snapshot of Bens Soft Pretzels' financial health and asset composition as of the end of 2022. For a prospective franchisee, understanding the breakdown of assets can offer insights into the company's liquidity (cash and equivalents), revenue collection (accounts and franchise fees receivable), and investments in property and equipment. The related party receivables also indicate transactions with affiliated entities, which is a common but important aspect to consider in franchise financial analysis.

It is important to note that the balance sheet presents a specific point in time, and financial performance can vary. Reviewing these figures in conjunction with the income statement and statement of cash flows will provide a more comprehensive understanding of Bens Soft Pretzels' financial performance. A potential franchisee should consult with a financial advisor to fully assess the implications of these financial statements.

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.