What is the total value of property and equipment for Bens Soft Pretzels in 2022?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2024 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Property and equipment | ||||||
| Property and equipment | 623,478 | 591,332 | 262,239 | |||
| Less accumulated depreciation | (167,053) | (166,107) | (116,295) | |||
| Net property and equipment | 456,425 | 425,225 | 145,944 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to Ben's Soft Pretzels' 2025 Franchise Disclosure Document, the net property and equipment totaled $145,944 in 2022. This figure is derived from the total property and equipment value of $262,239, less accumulated depreciation of $116,295.
Property and equipment are tangible assets that Ben's Soft Pretzels owns and uses in its operations. These assets can include items such as ovens, furniture, and any other equipment necessary for running the franchise. Depreciation is the reduction in the value of an asset over time, due to wear and tear or obsolescence. Accumulated depreciation represents the total amount of depreciation that has been recorded for an asset up to a specific date.
The net property and equipment value is an important figure for prospective franchisees to consider, as it provides insight into the company's investment in its physical assets. A higher net property and equipment value may indicate that the company has made significant investments in its infrastructure, which could be a positive sign for franchisees. However, it is important to note that this figure only represents the company's assets and does not reflect its overall financial health. Franchisees should also consider other factors, such as the company's revenue, expenses, and liabilities, when evaluating the franchise opportunity.
It is also important to note that these figures are based on the company's financial statements, which have been audited by an independent auditor. This provides some assurance that the figures are accurate and reliable. However, franchisees should still conduct their own due diligence and consult with a financial advisor before making any investment decisions.