What was the total amount of expenses paid to Thoughtworks by Benjamin Franklin Plumbing in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
services to the Company for the year ended December 31, 2023.
Board fees were paid to stockholders who provided services through membership on the Company board.
The Company also employs nineteen individuals as of December 31, 2024, twenty-six as of December 31, 2023 and twenty-seven as of December 31, 2022, who own and operate franchises of wholly owned subsidiary businesses. The Company reco
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the company's expenses paid to Thoughtworks in 2023 totaled $1,608. This figure reflects payments made by Benjamin Franklin Plumbing to Thoughtworks for services rendered during that year.
For a prospective franchisee, this information provides insight into the types of external services Benjamin Franklin Plumbing utilizes and the associated costs. Thoughtworks may be a vendor providing technology, consulting, or other specialized services to the franchise system. Understanding these relationships and expense levels can help a franchisee assess the franchisor's operational practices and potential ongoing costs.
It's important to note that these expenses can fluctuate from year to year based on the specific needs and projects undertaken by Benjamin Franklin Plumbing. While $1,608 was spent in 2023, the FDD also shows that $227 was spent in 2024. A prospective franchisee may want to inquire about the nature of the services provided by Thoughtworks and whether these expenses are expected to continue at similar levels in the future. This due diligence can contribute to a more informed investment decision.