What was the revenue from transactions with employees for Benjamin Franklin Plumbing in 2022?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
services to the Company for the year ended December 31, 2023.
Board fees were paid to stockholders who provided services through membership on the Company board.
The Company also employs nineteen individuals as of December 31, 2024, twenty-six as of December 31, 2023 and twenty-seven as of December 31, 2022, who own and operate franchises of wholly owned subsidiary businesses. The Company recorded revenue and the corresponding accounts receivable related to these arrangements for the years ended December 31, 2024 and 2023, respectively. For the years ended December 31, 2024, 2023 and 2022, the Company paid rent expenses of $532, $587, and
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Benjamin Franklin Plumbing had revenue from transactions with employees of $4,973 in 2022.
This figure indicates the revenue generated from transactions specifically involving employees, which could include sales of products or services to employees, or other financial interactions. This is distinct from revenue generated from customers or other sources.
A prospective franchisee can use this information to understand the financial interactions between the franchise and its employees, and to potentially benchmark against their own operations. Understanding these related party transactions can provide a more complete picture of the overall financial health and operational practices of Benjamin Franklin Plumbing.