What was the stock amount for Benjamin Franklin Plumbing as of December 31, 2021?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| Revenues | |||||
| Franchise service fees | $ 178,979 | $ 172,290 | $ | 154,607 | |
| Franchise sales fees | 11,574 | 12,947 | 5,045 | ||
| Other revenues | 35,883 | 33,830 | 31,121 | ||
| Total revenues | 226,436 | 219,067 | 190,773 | ||
| Costs and expenses | |||||
| Franchise support expenses | 116,616 | 114,910 | 92,890 | ||
| Franchise sales expenses | 5,123 | 4,905 | 2,520 | ||
| General and administrative expenses | 34,186 | 23,962 | 23,692 | ||
| Stock-based compensation expenses | 1,848 | 3,817 | 4,409 | ||
| Depreciation and amortization | 65,562 | 63,526 | 30,882 | ||
| Impairment loss | 17,775 | - | - | ||
| Total costs and expenses | 241,110 | 211,120 | 154,393 | ||
| Operating (loss) income | (14,674) | 7,947 | 36,380 | ||
| Interest income | 329 | 269 | 197 | ||
| Interest expense, ne |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the balance for member's equity for Benjamin Franklin Plumbing as of December 31, 2021, was $688,857. This figure represents the total equity held by members in the company at the close of the year. It's a snapshot of the ownership value within the franchise system at that specific point in time.
In addition to the balance, the FDD provides further details on changes in equity during the year. There were contributions of assets and liabilities amounting to $75,743 and stock-based compensation of $4,409. A distribution to the Guarantor totaled $69,644, and the net income for the period was $36,565. These figures explain the changes in the member's equity throughout the year, ultimately leading to the closing balance.
Understanding these equity figures can be valuable for prospective franchisees. It provides insight into the financial structure and performance of Benjamin Franklin Plumbing. Reviewing these numbers in the context of previous and subsequent years, as also provided in the FDD, can reveal trends and inform investment decisions. It is important to note that these figures reflect the overall financial health of the franchise system and not necessarily the performance of an individual franchise location.