factual

What is the legal meaning of 'BFP-SPE' when referring to the Benjamin Franklin Plumbing franchise in the disclosure document?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

This disclosure document describes BENJAMIN FRANKLIN PLUMBING franchises. In this disclosure document:

"BFP-SPE", "Franchisor," "we", "us" and "our" mean Benjamin Franklin Franchising SPE LLC, the franchisor.

"You," "your," or "Franchisee" refers to the individual or company that enters into a franchise agreement with us for a Franchised Business (a "Franchise Agreement").

"Owners" means the person(s) identified in the Franchise Agreement as owners of the Franchisee and all other persons whom we may subsequently approve to acquire an interest in the franchise.

The Franchisor

We are a Delaware limited liability company organized on March 24, 2021. We do business under our company name and the BENJAMIN FRANKLIN PLUMBING name. Our principal place of business is 7120 Samuel Morse Drive, Suite 300, Columbia, Maryland 21046. To the extent we have appointed agents for service of process in other states, they are listed in Exhibit J.

Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–12)

What This Means (2025 FDD)

According to the 2025 Benjamin Franklin Plumbing Franchise Disclosure Document, the terms 'BFP-SPE', 'Franchisor,' 'we,' 'us,' and 'our' all refer to Benjamin Franklin Franchising SPE LLC, which is the franchisor. The document also clarifies that 'you,' 'your,' or 'Franchisee' refers to the individual or company entering into the franchise agreement. 'Owners' are defined as the persons identified in the Franchise Agreement as owners of the Franchisee and all other persons whom the franchisor may subsequently approve to acquire an interest in the franchise.

This definition is important for prospective franchisees as it clearly identifies the legal entity they will be contracting with when they purchase a Benjamin Franklin Plumbing franchise. Understanding which entity is the franchisor is crucial for legal and business purposes, as it determines who is responsible for providing the support and services outlined in the Franchise Agreement. Knowing the definition of 'you' and 'owners' is also important for understanding who is bound by the terms of the agreement.

Benjamin Franklin Franchising SPE LLC was organized as a Delaware limited liability company on March 24, 2021, and its principal place of business is located in Columbia, Maryland. This information helps potential franchisees understand the franchisor's business structure and where it is based. The FDD also mentions that agents for service of process in other states are listed in Exhibit J, which is a standard practice in franchising to ensure legal compliance across different jurisdictions.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.