What was the total amount of rebates for Benjamin Franklin Plumbing in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
ted by Monster, management has estimated the fair value of consideration to be received at $0. The Company recognized a loss on sale of $10,276 on the consolidated statements of comprehensive loss during the year ended December 31, 2024. The loss on sale recognized represents the difference between the carrying value and estimated fair value of the net assets sold with Monster business. All net assets sold with the Monster entity were derecognized from the consolidated balance sheet and recognized as part of loss on sale of retail on the consolidated statements of comprehensive loss. The net assets derecognized primarily related to goodwill and property and equipment.
11. Accrued and Other Liabilities
Accrued and other liabilities consisted of the following as of December 31, 2024 and 2023:
| 2024 | 2023 | |
|---|---|---|
| Employee expenses | $ 10,701 | $ 4,174 |
| Rebates | 3,847 | 2,938 |
| Accrued interest | 5,138 | 5,439 |
| Advertising | 4,024 | 4,972 |
| Capital expenditures | 95 | 770 |
| Finance lease obligations | 4, |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the total amount of rebates in 2024 is listed in two separate tables. One table shows rebates of $3,847, while the other shows rebates of $4,226. It is unclear if these tables represent different subsets of franchisees or if they should be combined.
Without further clarification, it is difficult to determine the precise total amount of rebates for Benjamin Franklin Plumbing in 2024. A prospective franchisee should seek clarification from the franchisor to understand the context and applicability of each table. Understanding how these figures are calculated and what they represent is essential for assessing the financial performance of a Benjamin Franklin Plumbing franchise.
It is important for potential franchisees to carefully review all financial information provided in the FDD and to ask the franchisor for clarification on any discrepancies or unclear data. This due diligence will help in making an informed decision about investing in a Benjamin Franklin Plumbing franchise.