What was the total amount of accrued and other liabilities for Benjamin Franklin Plumbing as of December 31, 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| As of December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Liabilities and Stockholder's Equity | ||||
| Current liabilities | ||||
| Accrued and other liabilities | 38,396 | 27,562 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, as of December 31, 2023, the total accrued and other liabilities were $27,562. This figure represents the company's short-term financial obligations, which can include items like accrued wages, taxes, and other miscellaneous liabilities.
For a prospective Benjamin Franklin Plumbing franchisee, understanding the accrued and other liabilities is crucial for assessing the financial health and stability of the company. A higher amount of accrued liabilities might indicate that the company has significant short-term obligations to meet, which could impact its cash flow and overall financial performance. Conversely, a lower amount might suggest better financial management and a stronger ability to meet its short-term obligations.
It is important to note that this figure is just one component of the overall financial picture. A prospective franchisee should also consider other factors such as the company's assets, revenues, and long-term liabilities to get a comprehensive understanding of its financial condition. Consulting with a financial advisor is recommended to properly interpret these figures and their potential impact on the franchise opportunity.