What was the net goodwill for Benjamin Franklin Plumbing at the end of 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
d for the years ended December 31, 2023 and 2022.
Estimated amortization expense for the subsequent five years and thereafter is as follows:
| 2025 | $ 31,115 |
|---|---|
| 2026 | 31,041 |
| 2027 | 31,038 |
| 2028 | 30,981 |
| 2029 | 30,680 |
| Thereafter | 207,665 $ 362,520 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the net goodwill at the end of 2024 was $240,023. The goodwill represents the intangible assets acquired by Benjamin Franklin Plumbing through acquisitions, less amortization.
The table also shows the goodwill at the beginning of 2024 was $270,017. During 2024, there were no contributions of assets and liabilities, and amortization reduced the goodwill by $29,994, resulting in the ending balance of $240,023.
For a prospective franchisee, understanding goodwill is important because it reflects the value Benjamin Franklin Plumbing has established beyond its tangible assets. Monitoring the changes in goodwill (due to amortization) can provide insights into the stability and valuation of the franchise over time.