What was the total reported assets for Bens Soft Pretzels in 2022?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer 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.