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Where in the Benjamin Franklin Plumbing contract can I find the monthly payment amount?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

AMORTIZATION SCHEDULE TO PROMISSORY NOTE

[insert amortization schedule]

Source: Item 22 — CONTRACTS (FDD pages 87–88)

What This Means (2025 FDD)

According to the 2025 FDD, the specific monthly payment amount for a Benjamin Franklin Plumbing franchise is found within the amortization schedule attached to the promissory note. This schedule provides a breakdown of the payments required to fulfill the financial obligations outlined in the promissory note.

The promissory note is relevant when Benjamin Franklin Plumbing permits a franchisee (referred to as "Maker") to pay a portion of the franchise fee over time. In such cases, the amortization schedule details the principal and interest components of each payment, as well as the payment due dates. This allows the franchisee to understand exactly how much they need to pay each month and how the payments are allocated.

Furthermore, the FDD includes a guarantee agreement, where guarantors agree to ensure the franchisee meets all payment obligations under the promissory note. This guarantee underscores the importance of adhering to the amortization schedule. The security agreement also references the promissory note, indicating that the franchisee's assets may be used as collateral to secure the payment plan. Therefore, reviewing the amortization schedule is crucial for understanding the financial commitments associated with the Benjamin Franklin Plumbing franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.