What amount did Benjamin Franklin Plumbing pay in board fees to board members in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Transaction | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Related parties through common ownership | ||||
| Stockholders | ||||
| Board members | Board fees | $ 350 | $ 250 | $ 150 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Benjamin Franklin Plumbing paid $350 in board fees to its board members in 2024. This is part of related party transactions through common ownership. For comparison, the board fees were $250 in 2023 and $150 in 2022.
This information is relevant to prospective franchisees as it provides insight into the financial relationships and transactions between Benjamin Franklin Plumbing and its related parties. Understanding these transactions can help a franchisee assess the financial stability and management practices of the franchisor.
It's important to note that these figures represent only the board fees paid to board members and do not encompass other potential compensation or benefits they may receive. Reviewing related party transactions is a standard part of due diligence when evaluating a franchise opportunity.