What were the total revenues for Benjamin Franklin Plumbing franchise sales fees 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 the 2025 Franchise Disclosure Document, Benjamin Franklin Plumbing's franchise sales fees totaled $5,222 in 2022. This figure represents the revenue the company generated from the sale of new franchises during that year.
Franchise sales fees are a key revenue stream for franchisors like Benjamin Franklin Plumbing, as they reflect the initial investment made by new franchisees to join the system. Monitoring this revenue trend can provide insights into the brand's growth and attractiveness to potential franchisees. A higher franchise sales fee revenue generally indicates stronger franchise sales and expansion, while a lower figure might suggest challenges in attracting new franchisees.
It's important to note that this figure only represents the initial franchise fees and does not include ongoing royalties or other fees that franchisees pay to Benjamin Franklin Plumbing over the term of their agreements. Prospective franchisees should consider this number in conjunction with other financial metrics to assess the overall financial health and growth trajectory of the Benjamin Franklin Plumbing franchise system.