factual

What was the total amount of accrued and other liabilities for Benjamin Franklin Plumbing as of December 31, 2023?

Benjamin_Franklin_Plumbing Franchise · 2025 FDD

Answer 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.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.