What was the net loss for Benjamin Franklin Plumbing in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net loss | $ (104,486) | $ (59,534) | $ (35,630) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||
| Depreciation and amortization | 102,085 | 106,568 | 50,771 |
| Impairment loss | 23,240 | - | - |
| Loss on sale of retail | 11,276 | - | - |
| Net cash provided by operating activities | 32,993 | 29,701 | 26,291 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Benjamin Franklin Plumbing experienced a net loss of $104,486 in 2024. This figure is part of a broader financial overview that includes cash flows from operating activities. Reviewing these figures over time, the net loss was $(59,534) in 2023 and $(35,630) in 2022.
For a prospective franchisee, this indicates that Benjamin Franklin Plumbing, as a company, has been operating at a loss. While not uncommon for businesses, especially during growth phases, it's crucial to understand the reasons behind these losses. Factors contributing to the net loss include depreciation and amortization ($102,085 in 2024), impairment loss ($23,240 in 2024), and loss on sale of retail ($11,276 in 2024). These losses are offset by adjustments and other operating activities, resulting in a net cash flow from operating activities of $32,993 in 2024.
It is important for potential franchisees to investigate the reasons behind the net losses and understand how Benjamin Franklin Plumbing plans to address them. Understanding the company's financial strategy and future projections is essential. While the net cash flow from operating activities is positive, the consistent net losses should prompt further inquiry into the company's long-term financial health and sustainability. Prospective franchisees should seek clarification on how these financial results might impact their franchise operations and support systems.