What was the total long-term debt for Benjamin Franklin Plumbing as of December 31, 2024?
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 company's long-term debt, net, as of December 31, 2024, was $551,538. This figure represents the debt remaining after subtracting the current portion and unamortized deferred loan costs from the total debt.
Specifically, the total debt for Benjamin Franklin Plumbing was $564,278, which includes securitization notes such as Class A-1 2021 Notes amounting to $42,635, Class A-1 2022 Notes at $108,330, and Class A-2 Notes at $413,313. After subtracting the current portion of $4,250 and unamortized deferred loan costs of $8,490, the long-term debt is calculated to be $551,538.
Prospective franchisees should consider the long-term debt of Benjamin Franklin Plumbing as an indicator of the company's financial leverage. While a substantial debt might indicate higher risk, it could also reflect investments in growth and infrastructure. It is essential for potential franchisees to assess the company's debt management strategy and how it might affect the franchisor's ability to support its franchisees.