What entities are collectively referred to as 'Securitization Entities' in relation to the Benjamin Franklin Plumbing franchise?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
Guarantor and the Company are collectively referred to as Guarantors. Guarantor, Issuer, AB Assetco and its subsidiaries are collectively referred to as "Securitization Entities."
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing Franchise Disclosure Document, the term "Securitization Entities" collectively refers to Guarantor, Issuer, AB Assetco and its subsidiaries.
To clarify, AB Assetco wholly owns several Special Purpose Entities (SPEs), including The Cleaning Authority Franchising SPE LLC, Homewatch CareGivers Franchising SPE LLC, Mosquito Squad Franchising SPE LLC, ASP Franchising SPE LLC, Benjamin Franklin Franchising SPE LLC, Mister Sparky Franchising SPE LLC, One Hour Air Conditioning Franchising SPE LLC, Monster Franchising SPE LLC, STOP Franchising SPE LLC, DoodyCalls Franchising SPE LLC, BuyMax SPE LLC, Successware SPE LLC, Junkluggers Franchising SPE LLC, Screenmobile Franchising SPE LLC, and Authority Brands Payments SPE LLC.
Understanding which entities are included as "Securitization Entities" can be important for a prospective Benjamin Franklin Plumbing franchisee as it relates to financial obligations, securitization agreements, and the overall structure of the franchise system. It defines the parties involved in the financial and legal framework supporting the franchise operations.