What was the net cash used in investing activities for Benjamin Franklin Plumbing in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from investing activities | |||
| Business acquisitions, net of cash acquired | - | (35,105) | (94,792) |
| Purchases of assets through asset acquisition | - | (325) | (1,570) |
| Purchases of property and equipment | (1,271) | (2,898) | (1,772) |
| Proceeds on disposal of property and equipment | 497 | 1,234 | 332 |
| Capitalized software development costs | (4,801) | (12,830) | (12,446) |
| Net cash used in investing activities | (5,575) | (49,924) | (110,248) |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Benjamin Franklin Plumbing's net cash used in investing activities in 2023 was $(49,924). This figure represents the total cash outflow related to investments made by the company during that year.
Specifically, this includes cash used for business acquisitions, net of cash acquired which amounted to $(35,105), purchases of assets through asset acquisition totaling $(325), purchases of property and equipment which were $(2,898), and capitalized software development costs of $(12,830). However, there were proceeds on disposal of property and equipment of $1,234 which offset the total cash used.
For a prospective franchisee, this information provides insight into how Benjamin Franklin Plumbing invests its capital. Significant cash used in investing activities might indicate growth-oriented strategies, such as acquiring other businesses or investing heavily in software development. It is important to consider these figures in the context of the company's overall financial health and strategic direction. Understanding these investment patterns can help a franchisee assess the potential for future growth and the types of resources Benjamin Franklin Plumbing is likely to prioritize.