What is the high estimate for the Benjamin Franklin Plumbing franchise fee?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
may be eligible for forgiveness of the remainder of Franchise Fee and any applicable Additional Population Fee up to 100%. In the event you are required to pay the entirety of the Franchise Fee, the low end of the range in the table will be $43,000 assuming you license a single Territory with a population of 100,000 and no Franchise Fee discounts apply, and the high end of the range will be $103,200 assuming you license three Territories with a population of 100,000 and
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 high estimate for the franchise fee is $43,000. This figure is relevant for those converting an existing plumbing business into a Benjamin Franklin Plumbing franchise.
The document specifies that under the Conversion Incentive Program, only $5,000 of the franchise fee is due upon signing the agreement. The remaining balance is deferred for five years under a Promissory Note. There is also a possibility of forgiveness for the remaining fee. However, the $43,000 high estimate applies if no franchise fee discounts are applicable and you are licensing a single territory with a population of 100,000.
It is important to note that this fee is part of the initial investment required to start the franchise. The FDD outlines that actual costs may vary based on factors such as the number of vehicles and employees, the territory's size and location, local signage and advertising costs, real estate rentals, utilities, and market conditions. Therefore, prospective franchisees should carefully consider these factors and consult with Benjamin Franklin Plumbing to determine the actual franchise fee applicable to their specific circumstances.