What was the total debt for Benjamin Franklin Plumbing in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
could be adjusted if estimates of future taxable income during the carryforward period are increased or if it is determined that there is sufficient objective positive evidence in the form of cumulative income.
Tax year 2021 and forward are open to examination by the Internal Revenue Service and various state tax authorities.
13. Other Long-Term Liabilities
Other long-term liabilities consisted of the following as
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 debt for the company in 2023 was $565,393. This figure is part of a larger table detailing the company's securitization and debt obligations for 2023 and 2024. The table also lists other financial details such as Class A-1 2021 Notes, Class A-1 2022 Notes, Class A-2 Notes, current portion, and unamortized deferred loan costs.
For a prospective franchisee, understanding the franchisor's debt is crucial as it can indicate the financial stability and health of the company. A high level of debt might suggest potential financial strain, which could impact the franchisor's ability to support its franchisees. Conversely, manageable debt levels can reflect sound financial management and investment in growth.
It's important to note that the total debt figure is further broken down by subtracting the current portion ($4,250) and unamortized deferred loan costs ($10,194) to arrive at the long-term debt, which was $550,949 in 2023. This distinction between total debt and long-term debt provides a more nuanced view of the company's financial obligations. A potential franchisee should analyze these figures in the context of the company's overall financial performance and future plans.
Therefore, a prospective Benjamin Franklin Plumbing franchisee should consider the franchisor's debt structure and trends over time, as well as comparing these figures to industry benchmarks to assess the financial risk and stability associated with investing in this franchise.