What was the amount of additional paid-in capital for Benjamin Franklin Plumbing as of December 31, 2021?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
expenses | 1,848 | 3,817 | | 4,409 | | | Depreciation and amortization | 65,562 | 63,526 | | 30,882 | | | Impairment loss | 17,775 | - | | - | | | Total costs and expenses | 241,110 | 211,120 | | 154,393 | | | Operating (loss) income | (14,674) | 7,947 | | 36,380 | | | Interest income | 329 | 269 | | 197 | | | Interest expense, net | (17) | (36) | | (12) | | | Net (loss) income | $ (14,362) $ | 8,180 | $ | 36,565 | |
AB Assetco LLC and Subsidiaries Consolidated Statements of Changes in Member's Equity Years Ended December 31, 2024, 2023 and 2022 (In thousands)
| Total | ||
|---|---|---|
| Member's Equity | ||
| Balances at December 31, 2021 | $ | 688,857 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the balance of member's equity as of December 31, 2021, was $688,857. The document also lists several factors that contributed to changes in the member's equity throughout the following years. These include contributions of assets and liabilities, stock-based compensation, distributions to the guarantor, and net income or loss.
For a prospective Benjamin Franklin Plumbing franchisee, understanding these figures is crucial for assessing the financial stability and performance of the company. The initial balance provides a baseline, while the subsequent changes reflect the company's financial activities and their impact on equity. Contributions of assets and liabilities would indicate investments into the company, while distributions to the guarantor represent payments made to those guaranteeing the company's obligations. Stock-based compensation is a non-cash expense that reflects the value of stock options or similar equity-based awards granted to employees or executives.
The net income or loss is a key indicator of the company's profitability. By tracking these changes over time, a franchisee can gain insights into the company's financial trends and its ability to generate profits. It's important to note that these figures represent the overall financial performance of the company and may not directly reflect the performance of individual franchises. However, they provide valuable context for evaluating the franchisor's financial health and its ability to support its franchisees.
Prospective franchisees should review these figures carefully and consider them in conjunction with other financial information provided in the FDD, such as the company's balance sheets, income statements, and cash flow statements. It's also advisable to consult with a financial advisor to gain a comprehensive understanding of the company's financial performance and its potential impact on the franchisee's investment.