What was the distribution to the Guarantor for Benjamin Franklin Plumbing in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
ures or exercises of these award during the years ended December 31, 2024 and 2023.
12. Related Parties
The Company has related party transactions with the Parent and Guarantor, which for the years ended December 31, 2024, 2023 and 2022 consisted of a distribution to Guarantor related to the Parent's centralized cash management arrangement, general and administrative expenses and stock-based compensation allocated to the C
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the distribution to the Guarantor in 2024 was $73,049. This figure is part of a table that also shows distributions in previous years. In 2023, the distribution was $68,651, and in 2022, it was $69,644.
These distributions represent payments made to the Guarantor, which could be an individual or entity guaranteeing the financial obligations of the Benjamin Franklin Plumbing franchise. These distributions are not necessarily indicative of the franchisee's profits or losses but rather reflect financial transactions related to the guarantor's role.
A prospective franchisee should consider these figures in the context of the overall financial health of the Benjamin Franklin Plumbing franchise and the obligations of the guarantor. Understanding the nature of these distributions and their impact on the franchise's financial stability is crucial for making an informed investment decision. It is also important to note that past performance does not guarantee future results.