Does Benjamin Franklin Plumbing offer any franchise fee discounts?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
may be eligible for forgiveness of the remainder of Franchise Fee and any applicable Additional Population Fee up to 100%. In the event you are required to pay the entirety of the Franchise Fee, the low end of the range in the table will be $43,000 assuming you license a single Territory with a population of 100,000 and no Franchise Fee discounts apply, and the high end of the range will be $103,200 assuming you license three Territories with a population of 100,000 and no Franchise Fee discounts apply other than the 30% discount for additional Territories granted for an existing franchisee.
- (3) As described in Item 6, you are required to conduct initial local marketing as part of your pre-opening/grand opening of your Franchised Business. The low end of the range assumes you will conduct all of your Grand Opening Marketing after you open your Franchised Business. The high end of the range assumes that you will spend $6,000 prior to opening your Franchised Business.
- (4) The estimate is for a location with approximately 2,000 to 3,000 rentable square feet.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–37)
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing FDD, the standard franchise fee is $43,000, but there are potential discounts available under specific circumstances. For franchisees converting an existing plumbing business, the Conversion Incentive Program allows for a deferred payment plan. Under this program, only $5,000 of the franchise fee is due upon signing the Franchise Agreement. The remaining balance can be deferred for five years under a Promissory Note.
Furthermore, the deferred balance of the franchise fee may be eligible for forgiveness, potentially up to 100%. This forgiveness is conditional and tied to the franchisee's performance and adherence to the franchise agreement terms. For existing franchisees who are granted additional territories, a 30% discount on the franchise fee for those additional territories may apply.
It's important to note that these discounts may not be applicable to all franchisees, particularly those starting a new Benjamin Franklin Plumbing franchise from scratch. The availability and extent of any franchise fee discount can depend on factors such as whether the franchisee is converting an existing business, the number of territories being licensed, and the specific terms negotiated with Benjamin Franklin Plumbing.