How much in proceeds did Benjamin Franklin Plumbing receive from the sale of Successware?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
nsors a 401 (k) plan covering the majority of its employees meeting certain eligibility requirements. During the years ended December 31, 2024, 2023 and 2022, the Plan provides for matching contributions of 50% of employee contributions, up to 10% of
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Benjamin Franklin Plumbing sold Successware to Explorer Software International, Inc. on March 21, 2025. The company received $10,700 in proceeds from this sale. However, the company also incurred approximately $3,600 in transaction-related expenses related to the sale of Successware.
For a prospective franchisee, this information provides insight into Benjamin Franklin Plumbing's business activities beyond franchising. It shows the company's involvement in software and its willingness to divest assets.
It is important to note that the proceeds from the sale were used by the company and are not directly distributed to franchisees. The transaction-related expenses would also impact the net financial benefit realized by Benjamin Franklin Plumbing from the sale.