How much did Benjamin Franklin Plumbing pay Thoughtworks for expenses in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Transaction | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Related parties through common ownership | ||||
| Paycor | Expenses paid | $ - | $ 189 | $ 117 |
| Assured partners | Expenses paid | 48 | 55 | 50 |
| Thoughtworks | Expenses paid | 227 | 1,608 | 1,694 |
| Leadify | Expenses paid | - | 200 | - |
| Transactions with employees | $ 4,096 | $ 4,271 | $ 4,973 | |
| Revenue | 386 | 132 | 529 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the company's expenses paid to Thoughtworks in 2023 were $1,608. This figure is part of a table detailing transactions with related parties through common ownership.
This information is relevant for prospective franchisees as it provides insight into Benjamin Franklin Plumbing's relationships with other entities and the associated expenses. Understanding these relationships can help franchisees assess the financial stability and operational practices of the franchisor.
It's important to note that these expenses are related to transactions with parties connected through common ownership, suggesting a degree of affiliation or shared interest. Franchisees should consider the nature of services provided by Thoughtworks and whether these expenses are typical for similar franchise systems. Reviewing these expenses in comparison to previous years, such as the $1,694 in 2022 and $227 in 2024, can also reveal trends or changes in the relationship between Benjamin Franklin Plumbing and Thoughtworks.