What was the reported value of property and equipment acquired by Benjamin Franklin Plumbing in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2023-09 will have on its consolidated financial statements.
3. Acquisitions
Asset Acquisitions
During 2023 and 2022, the Company entered into several purchase and sale ag
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the value of property and equipment acquired in 2023 was $102. This figure is part of a table presenting assets acquired by the company.
When evaluating a franchise, it is important to consider the assets acquired, as this can provide insight into the company's investment in its infrastructure and resources. For a prospective Benjamin Franklin Plumbing franchisee, understanding the level of investment in property and equipment can be useful in assessing the financial health and growth strategy of the company.
It's also worth noting the changes in asset acquisition over time. In this case, the property and equipment acquired by Benjamin Franklin Plumbing decreased from $270 in 2022 to $102 in 2023. Reviewing these trends can help potential franchisees understand the company's evolving financial strategies and resource allocation.