What was the total stockholder's equity for Benjamin Franklin Plumbing as of December 31, 2021?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| Revenues | |||||
| Franchise service fees | $ 178,979 | $ 172,290 | $ | 154,607 | |
| Franchise sales fees | 11,574 | 12,947 | 5,045 | ||
| Other revenues | 35,883 | 33,830 | 31,121 | ||
| Total revenues | 226,436 | 219,067 | 190,773 | ||
| Costs and expenses | |||||
| Franchise support expenses | 116,616 | 114,910 | 92,890 | ||
| Franchise sales expenses | 5,123 | 4,905 | 2,520 | ||
| General and administrative expenses | 34,186 | 23,962 | 23,692 | ||
| Stock-based compensation expenses | 1,848 | 3,817 | 4,409 | ||
| Depreciation and amortization | 65,562 | 63,526 | 30,882 | ||
| Impairment loss | 17,775 | - | - | ||
| Total costs and expens |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to the 2025 FDD, the member's equity for Benjamin Franklin Plumbing as of December 31, 2021, was $688,857. This figure represents the total equity attributable to the members or owners of the company at that specific point in time. It reflects the cumulative investments, retained earnings, and other equity adjustments up to that date. This number is an important indicator of the company's financial health and stability.
It's important to note that this equity balance can change over time due to various factors, including contributions of assets and liabilities, stock-based compensation, distributions to the guarantor, and net income or loss. For instance, the FDD excerpt shows subsequent changes to the equity balance in the following years. Understanding these changes can provide insights into the company's financial performance and how it manages its equity structure.
For a prospective Benjamin Franklin Plumbing franchisee, this information offers a glimpse into the financial structure of the overall Benjamin Franklin Plumbing organization. While the franchisee's individual equity will depend on their specific franchise's performance and financial arrangements, understanding the franchisor's equity can provide a sense of the financial stability and long-term viability of the Benjamin Franklin Plumbing franchise system.