Might a Benjamin Franklin Plumbing landlord require a security deposit?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
The estimate in the table includes three months of rent; however, your landlord may also require you to provide a security deposit of one month's or two months' rent.
This cost may not apply if you already lease a space which meets our standards for Franchised Businesses.
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, securing a location for your franchise may involve a security deposit. The FDD indicates that while the estimated initial investment includes three months' rent, a landlord might additionally require a security deposit. This deposit could range from one to two months' rent, adding to the initial costs of establishing the Benjamin Franklin Plumbing franchise.
This potential requirement for a security deposit is an important consideration for prospective franchisees as it directly impacts the upfront capital needed. The actual amount will depend on the specific lease terms negotiated with the landlord and local market conditions. It is also noted that these costs may not apply if the franchisee already leases a space that meets Benjamin Franklin Plumbing's standards.
Therefore, when planning the initial investment, a prospective Benjamin Franklin Plumbing franchisee should factor in the possibility of needing to pay a security deposit, in addition to the standard rent. This highlights the importance of carefully evaluating potential locations and understanding all associated leasing costs to accurately assess the financial requirements for launching the franchise.