What is the length of the renewal term offered to Benjamin Franklin Plumbing franchisees?

According to the 2025 Benjamin Franklin Plumbing FDD, franchisees have the option to renew their franchise agreement for one additional term of ten years, provided they meet certain conditions. This renewal option allows franchisees to extend their business operations under the Benjamin Franklin Plumbing brand, offering continued access to the brand's resources, systems, and reputation.

To qualify for renewal, a Benjamin Franklin Plumbing franchisee must provide written notice of their intent to renew between six and twelve months before the expiration date of the current agreement. They must also be in good standing, meaning they are not in default of any agreements with the franchisor or its affiliates, maintain a good record of customer service and compliance with brand standards, and have a positive working relationship with the franchisor.

Benjamin Franklin Plumbing may require franchisees to sign the then-current franchise agreement, which could include substantially different terms such as increased or new fees, territory reconfiguration, and higher performance requirements. Franchisees must also pay a renewal fee, sign a general release of claims against the franchisor, complete any required additional training, demonstrate the right to remain in possession of the approved location, and meet the brand's current standards for remodeling and equipment upgrades. These conditions ensure that franchisees who renew are committed to maintaining brand standards and contributing to the overall success of the Benjamin Franklin Plumbing franchise system.