When did Benjamin Franklin Plumbing begin offering Benjamin Franklin Plumbing franchises?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
We became the franchisor of the BENJAMIN FRANKLIN PLUMBING system on May 14, 2021, as part of the Securitization Transaction (defined below). We began offering BENJAMIN FRANKLIN PLUMBING franchises on May 17, 2021.
Our predecessor, Benjamin Franklin Franchising, LLC ("BFP"), a Missouri limited liability company, offered BENJAMIN FRANKLIN PLUMBING franchises from September 2001 to May 14, 2021. We do not have any other predecessors as franchisor of the BENJAMIN FRANKLIN PLUMBING brand.
Securitization Transaction
Under a secured financing transaction which closed on May 14, 2021 (the "Securitization Transaction"), Villa BidCo, Inc. and its affiliates were restructured. As part of the Securitization Transaction, all existing U.S. Franchise Agreements and related agreements for BENJAMIN FRANKLIN PLUMBING businesses were transferred to us, and we became the franchisor of all existing Franchise Agreements and related agreements. Ownership and control of all U.S. trademarks and certain intellectual property relating to the operation of BENJAMIN FRANKLIN PLUMBING businesses were also transferred to us.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–12)
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing Franchise Disclosure Document, the current franchisor, Benjamin Franklin Franchising SPE LLC, began offering Benjamin Franklin Plumbing franchises on May 17, 2021. However, this was not the start of the Benjamin Franklin Plumbing franchise system.
Prior to this date, Benjamin Franklin Franchising, LLC (BFP) offered Benjamin Franklin Plumbing franchises from September 2001 to May 14, 2021. The change in franchisor occurred as part of a Securitization Transaction, where all existing U.S. Franchise Agreements were transferred to Benjamin Franklin Franchising SPE LLC.
For prospective franchisees, this indicates a change in ownership and management of the Benjamin Franklin Plumbing franchise system in 2021. While the brand has been around since 2001, the current franchise agreement and operational structure have been in place since May 2021. It would be prudent for potential franchisees to understand the reasons behind the Securitization Transaction and how it has impacted the franchise system's operations and support.