What was the aggregate purchase price Benjamin Franklin Plumbing paid for asset acquisitions in 2022?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-09 will have on its consolidated financial statements.
3. Acquisitions
Asset Acquisitions
During 2023 and 2022, the Company entered into several purchase and sale ag
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the company's aggregate purchase price for asset acquisitions in 2022 was $1,570. This figure reflects the total amount Benjamin Franklin Plumbing spent to acquire assets through asset acquisitions during that year.
This information is relevant for prospective franchisees as it provides insight into Benjamin Franklin Plumbing's investment activities and growth strategy. Understanding the company's approach to acquisitions can help franchisees assess the financial stability and strategic direction of the franchisor. Knowing the scale of these investments can also indicate the franchisor's commitment to expanding its market presence and enhancing its service offerings.
It is important to note that this figure represents the aggregate purchase price and does not detail the specific assets acquired or the individual transactions. For a more comprehensive understanding, prospective franchisees may want to inquire about the types of assets acquired and the rationale behind these acquisitions. This information can provide a clearer picture of how these investments contribute to the overall value and performance of the Benjamin Franklin Plumbing franchise system.