What is the standard transfer fee for a Benjamin Franklin Plumbing franchise?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
tation, and credit rating; and aptitude and ability to operate the Franchised Business. If the proposed transferee is already a franchisee of the Brand, that fact does not guarantee approval to become the operator of the Franchised Business. We have no less discretion with respect to a proposed transferee than we have with granting a new franchise.
- (b) At our option, sign our then-current standard form of Franchise Agreement (or the standard form most recently offered to new franchisees) and related documents. The new Franchise Agreement may include new or increased fees and may otherwise differ, wit
Source: Item 23 — RECEIPTS (FDD pages 88–312)
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing Franchise Disclosure Document, the standard transfer fee is $10,000. This fee is required when a franchisee transfers their franchise to a new owner.
However, the FDD outlines additional costs that may be incurred during a transfer. If the prospective buyer was referred by a third party with whom Benjamin Franklin Plumbing has a referral arrangement, the franchisee or the buyer must pay an additional fee equal to the amount owed under that referral arrangement.
Furthermore, if Benjamin Franklin Plumbing identifies the prospective purchaser, the franchisee must pay the greater of $15,000, 3% of the total purchase price, or Benjamin Franklin Plumbing's actual costs to identify the purchaser, in addition to the standard transfer fee. These additional fees can significantly increase the cost of transferring a Benjamin Franklin Plumbing franchise, so franchisees should be aware of these potential expenses.