What was the loss on sale of retail for Benjamin Franklin Plumbing in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Co mm on Un its | St k oc Am nt ou | Ad d it ion al Pa id in Ca ita l p | Ac lat ed cu mu De fic it | Ot he r Co he ive mp re ns In / ( Lo ) co me ss | To tal Sto ck ho lde r's Eq ity u | ||
|---|---|---|---|---|---|---|---|
| Ba lan t D be r 3 1, 20 21 ce s a ec em | 1 | $ - | $ | 46 6, 0 9 6 | $ ( 8 2, 5 20 ) | $ ( 15 ) | $ 3 8 3, 5 6 1 |
| Ca ita l c i bu ion tr t p on s | - | - | 3 6, 0 24 | - | - | 3 6, 0 24 | |
| Sto k- ba d c ion at c se om pe ns | - | - | 21 8 20 , | - | - | 21 8 20 , | |
| D ist i bu ion t s t nt r o p are | - | - | ( 21 13 5 ) , | - | - | ( 21 13 5 ) , | |
| los Ne t s | - | - | - | ( ) 35 6 3 0 , | - | ( ) 35 6 3 0 , | |
| Ba lan t D be r 3 1, 20 22 ce s a ec em | 1 | - | 5 0 2, 8 05 | ( 11 8, 15 0 ) | ( 15 ) | 3 8 4, 6 40 | |
| Ca ita l c i bu ion tr t p on s | - | - | 7, 07 5 | - | - | 7, 07 5 | |
| Sto k- ba d c ion at c se om pe ns | - | - | 6, 0 0 6 | - | - | 6, 0 0 6 | |
| Ot | - | - | - | - | 14 | 14 | |
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| los Ne t s | - | - | - | ( ) 5 9, 5 3 4 | - | ( ) 5 9, 5 3 4 | |
| Ba lan t D be r 3 1, 20 23 ce s a ec em | 1 | - | 5 15 8 8 6 , | ( 4) 17 7, 6 8 | ( 1) | 3 3 8, 20 1 | |
| Sto k- ba d c ion at c se om pe ns | - | - | 2, 9 22 | - | - | 2, 9 22 | |
| Ne los t s | - | - | - | ( 10 4, 48 6 ) | - | ( 10 4, 48 6 ) | |
| Ba lan t D be r 3 1, 20 24 ce s a ec em | 1 | $ - | $ | 5 18 8 0 8 , | $ ( 28 2, 17 0 ) | $ ( 1) | $ 23 6, 6 37 |
Authority Brands Inc. and Subsidiaries Consolidated Statements of Cash Flows (In thousands)
| | 2024 | 20
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the loss on the sale of retail in 2024 was $11,276. This figure is part of the adjustments made to reconcile the net loss to net cash provided by operating activities. This indicates that Benjamin Franklin Plumbing experienced a loss when it sold off some of its retail operations during that year.
Specifically, the company sold certain assets associated with the retail operations of DoodyCalls and recognized impairment losses totaling $1,508 to write down the assets. They also recognized a loss on the disposal of assets of $1,000 related to DoodyCalls. In July 2024, Benjamin Franklin Plumbing sold 100% of its equity interest in Monster New Tree Service LLC and recognized a loss on sale of $10,276.
For a prospective franchisee, this information provides insight into the types of transactions Benjamin Franklin Plumbing engages in and how they can impact the company's financial statements. While not directly impacting a franchisee's operations, understanding these financial activities can help in assessing the overall financial health and strategic decisions of the franchisor. It's important to note that these losses are specific to the franchisor's corporate activities and may not reflect the performance of individual franchise locations.