factual

What is the low estimate for professional fees and licensing for a Benjamin Franklin Plumbing franchise?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer from 2025 FDD Document

rsion Franchise and for a Start-Up Franchise.

TABLE 1 YOUR ESTIMATED INITIAL INVESTMENT FOR A CONVERSION FRANCHISE (1)

Type of Expenditure Amount Method of Payment When Due To Whom Payment is to be Made
Low Estimate High Estimate
(2) Franchise Fee $5,000 $5,000

Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–37)

What This Means (2025 FDD)

According to the 2025 FDD, the estimated initial investment for professional fees and licensing for a Benjamin Franklin Plumbing franchise is $4,635. This figure covers expenses a new franchisee will likely incur to set up their business, such as fees for accountants, lawyers, and business licenses required by state and local governments. These fees are paid to employees, vendors, and state and local governments as they are incurred.

It's important to note that this is just an estimate, and the actual amount may vary depending on the location of the franchise and the specific professional services and licenses required. The FDD indicates that these costs are 'as arranged,' meaning they can vary based on agreements made between the franchisee and the service providers or licensing authorities.

Prospective Benjamin Franklin Plumbing franchisees should carefully research the specific licensing and professional service requirements in their area to develop a more accurate estimate of these costs. They should also consider consulting with existing franchisees to learn about their experiences with these expenses and to identify reliable service providers.

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.