What were the total revenue transactions with employees for Benjamin Franklin Plumbing in 2022?
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 recorded revenue and the corresponding accounts receivable related to these arrangements for the years ended December 31, 2024 and 2023, respectively. For the years ended December 31, 2024, 2023 and 2022, the Company paid rent expenses of $532, $587, and
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, in 2022, the total revenue from transactions with employees amounted to $4,973.
This figure represents the revenue generated from transactions specifically involving employees, offering insight into the financial interactions between the company and its workforce. For a prospective franchisee, this indicates the scale of financial activity linked to employees, which could include payroll, reimbursements, or other employee-related transactions.
Understanding the nature and volume of these transactions is important for managing the financial aspects of the franchise and ensuring compliance with accounting practices. Reviewing these figures in comparison to other revenue streams and expense categories can provide a more comprehensive view of the franchise's financial health.