What was the total amount of distributions to the Guarantor from Benjamin Franklin Plumbing in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
ures or exercises of these award during the years ended December 31, 2024 and 2023.
12. Related Parties
The Company has related party transactions with the Parent and Guarantor, which for the years ended December 31, 2024, 2023 and 2022 consisted of a distribution to Guarantor related to the Parent's centralized cash management arrangement, general and administrative expenses and stock-based compensation allocated to the C
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the total distributions to the Guarantor from Benjamin Franklin Plumbing in 2023 was $68,651. This figure represents the amount of money or assets distributed from the company to the Guarantor during that year.
For a prospective franchisee, understanding these distributions can provide insight into the financial relationship between Benjamin Franklin Plumbing and its Guarantor. It's important to note that these distributions are not directly related to the franchisee's operations but rather reflect the financial transactions of the parent company.
Reviewing these figures over several years, as presented in the table, can reveal trends in these distributions. For instance, the distributions to the Guarantor were $69,644 in 2022 and increased to $73,049 in 2024. Analyzing these trends may offer a broader understanding of the financial management and strategies of Benjamin Franklin Plumbing. A potential franchisee might want to inquire about the reasons behind these distributions to better assess the financial health and stability of the company.