What was the total revenue for Bens Soft Pretzels for the year ended December 31, 2024?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
ETZELS FRANCHISING CORPORATION STATEMENTS OF INCOME AND RETAINED EARNINGS
For the Years Ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | } | 2022 | } | ||
|---|---|---|---|---|---|---|
| Amount | % | Amount | % | Amount | % | |
| Revenues | ||||||
| Initial franchise fee revenue | $ 120,792 | 7.32 | $ 147,358 | 9.74 | $ 128,065 | 10.25 |
| Royalty fee revenue | 1,202,010 | 72.79 | 1,064,701 | 70.39 | 877,461 | 70.26 |
| Advertising fund revenue | 243,430 | 14.74 | 232,493 | 15.37 | 190,874 | 15.28 |
| Other income | 84,978 | 5.15 | 68,006 | 4.50 | 52,606 | 4.21 |
| Net sales | 1,651,210 | 100.00 | 1,512,558 | 100.00 | 1,249,006 | 100.00 |
| Operating expenses | 1,333,609 | 80.77 | 1,236,732 | 81.76 | 927,960 | 74.30 |
| Income from operations | 317,601 | 19.23 | 275,826 | 18.24 | 321,046 | 25.70 |
| Other income (expense) | ||||||
| ERC grant income | - | - | - | - | 6,027 | 0.48 |
| Interest income | 4,641 | 0.28 | 2,124 | 0.14 | 17 | - |
| Interest e |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Bens Soft Pretzels Franchise Disclosure Document, the total revenue, also referred to as net sales, for the year ended December 31, 2024, was $1,651,210. This figure is broken down into several revenue streams, including initial franchise fee revenue, royalty fee revenue, advertising fund revenue, and other income. These revenues represent the income Bens Soft Pretzels Franchising Corporation generated from its franchising operations during that year.
Specifically, the initial franchise fee revenue for 2024 was $120,792, representing 7.32% of the total revenue. Royalty fee revenue, which is a percentage of gross sales from each bakery, amounted to $1,202,010, constituting 72.79% of the total revenue. Advertising fund revenue, also based on a percentage of each bakery's gross sales, was $243,430, making up 14.74% of the total revenue. The remaining $84,978, or 5.15% of the total revenue, came from other income sources.
For a prospective franchisee, understanding the composition of Bens Soft Pretzels' revenue can provide insights into the financial health and revenue-generating activities of the franchisor. The figures show that royalty fees are the primary source of revenue for Bens Soft Pretzels, indicating a strong reliance on the ongoing performance of its franchise locations. The initial franchise fees, while significant, contribute a smaller portion, suggesting that the company's business model is more focused on long-term revenue generation through royalties and advertising fees. This information is crucial for evaluating the franchisor's stability and potential for growth.