What are the conditions under which Benjamin Franklin Plumbing will not offer financing (Item 10)?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
In our discretion, we may permit you to finance up to 75% of the Franchise Fee and any applicable Additional Population Fee rather than paying the entire amount in a lump sum when you sign the Franchise Agreement. However, we do not offer financing for any transaction involving brokers, referrals under the Standard Referral Program or Conversion Referral Program, or any other third-party referral sources.
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing FDD, while the company may offer financing for a portion of the franchise fee and any additional population fee, there are specific circumstances in which financing will not be offered. Benjamin Franklin Plumbing will not provide financing for any transactions that involve brokers, referrals under the Standard Referral Program or Conversion Referral Program, or any other third-party referral sources.
For prospective Benjamin Franklin Plumbing franchisees, this means that if you are working with a broker or were referred through a referral program, you will not be eligible to finance the franchise fee through Benjamin Franklin Plumbing. Instead, you will need to pay the franchise fee and any additional population fee in a lump sum when signing the Franchise Agreement, or seek financing through an outside source.
This policy is important to consider when planning your investment in a Benjamin Franklin Plumbing franchise, as it may impact your initial capital requirements and financing strategy. Understanding these restrictions upfront can help you prepare accordingly and explore alternative financing options if necessary.