When is the Benjamin Franklin Plumbing franchise fee due?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
rsion Franchise and for a Start-Up Franchise.
TABLE 1 YOUR ESTIMATED INITIAL INVESTMENT FOR A CONVERSION FRANCHISE (1)
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Low Estimate | High Estimate | ||||
| (2) Franchise Fee | $5,000 | $5,000 | Lump sum or financed | On signing of Franchise Agreement | Us |
| Grand | $0 | $6,000 | As arranged | As incurred | Vendors |
| (3) | |||||
| Opening Marketing | |||||
| Rent/Lease of Real Estate | $0 | $9,270 | As arranged | As incurred | Landlord |
| (4) |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–37)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the franchise fee is due upon signing the Franchise Agreement. For a conversion franchise, under the Conversion Incentive Program, a franchisee is required to pay $5,000 of the Franchise Fee and any applicable Additional Population Fee in a lump sum at the time of signing the Franchise Agreement. The remainder of the Franchise Fee and any applicable Population Fee is deferred for a period of five years under the terms of a Promissory Note.
For a start-up franchise, the franchise fee is $43,000, which is also due upon signing the Franchise Agreement. This fee can be paid in a lump sum or financed.
It is important to note that these fees are non-refundable. A prospective franchisee should carefully consider their financial situation and consult with financial advisors before signing the agreement and committing to these payments.