What is the high estimate for rent/lease expenses for a Benjamin Franklin Plumbing franchise?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is to be Made | |
|---|---|---|---|---|---|
| Low Estimate | High Estimate | ||||
| (2) Franchise Fee | $43,000 | $43,000 | Lump sum or financed | On signing of Franchise Agreement | Us |
| Grand | $0 | $6,000 | As arranged | As incurred | Vendors |
| (3) | |||||
| Opening Marketing | |||||
| Rent/Lease | $3,090 | $9,270 | As arranged | As incurred | Landlord |
| (4) | |||||
| of Real Estate | |||||
| Leasehold (5) Improvements | $1,030 | $4,120 | As arranged | As incurred | Contractor or Landlord |
| Computer, Technology | $1,854 | $4,120 | As arranged | As incurred | Vendors |
| (6) | |||||
| Systems, and Software |
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 rent/lease of real estate is $9,270. This figure represents an estimate for three months of rent. The FDD notes that the cost per square foot of commercial space can vary significantly based on location, property type, and market conditions. The estimate is based on a location with approximately 2,000 to 3,000 rentable square feet.
It's important to note that the landlord may also require a security deposit, potentially adding to the initial investment. The document also clarifies that if a franchisee chooses to purchase real estate instead of leasing, the initial investment could be substantially higher. This initial estimate for rent/lease is paid to the landlord as incurred.
Prospective Benjamin Franklin Plumbing franchisees should carefully research local commercial real estate costs to refine this estimate. They should also consider the potential need for a security deposit and the long-term financial implications of leasing versus purchasing property. These factors can significantly impact the overall initial investment required to start the franchise.