What were the total franchise sales fees for Benjamin Franklin Plumbing in 2022?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| As of December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Assets | ||||
| Current assets | ||||
| Cash and cash equivalents | $ | 46,193 | $ | 27,119 |
| Restricted cash | 5,631 | 3,314 | ||
| Accounts receivable, net | 34,962 | 33,238 | ||
| Inventory, net | 7,201 | 6,548 | ||
| Prepaid expenses and other current assets | 9,227 | 12,575 | ||
| Total current assets | 103,214 | 82,794 | ||
| Property and equipment, net | 34,635 | 56,407 | ||
| Operating lease right-of-use assets | 13,787 | 15,144 | ||
| Intangible assets, net | 390,904 | 437,885 | ||
| Goodwill, net | 357,205 | 414,349 | ||
| Other assets | 15,968 | 14,422 | ||
| Total assets | $ | 915,713 | $ | 1,021,001 |
| Liabilities and Stockholder's Equity | ||||
| Current liabilities | ||||
| Accounts payable | $ | 6,803 | $ | 9,980 |
| Accrued and other liabilities | 38,396 | 27,562 | ||
| Deferred revenue | 15,748 | 17,189 | ||
| Operating lease liabilities, current portion | 4,193 | 5,070 | ||
| Current maturities on long-term debt | 4,250 | 4,250 | ||
| Total current liabilities | 69,390 | 64,051 | ||
| Operating lease liabilities, non-current portion | 10,396 | 11,077 | ||
| Long-term debt, net | 551,538 | 550,949 | ||
| Deferred tax liability, net | 5,577 | 17,766 | ||
| Other long-term liabilities | 42,175 | 38,957 | ||
| Total liabilities | 679,076 | 682,800 | ||
| Sto |
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 franchise sales fees for the year 2022 were $5,222. This figure represents the revenue Benjamin Franklin Plumbing recognized from the sale of new franchises during that year.
For a prospective franchisee, this number provides insight into the growth and expansion rate of the Benjamin Franklin Plumbing franchise system. A higher number might indicate strong interest in the franchise, while a lower number could suggest slower growth or increased franchisee turnover. It is important to consider this figure in conjunction with other financial metrics and trends to get a comprehensive understanding of the franchise's performance.
It's also worth noting that franchise sales fees are just one component of Benjamin Franklin Plumbing's overall revenue. Other revenue streams, such as franchise service fees and residential services, contribute significantly to the company's financial health. Reviewing these different revenue categories can provide a more complete picture of the franchisor's financial stability and potential for long-term success.