What was the total value of Benjamin Franklin Plumbing's leased assets in 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
nsolidated statements of comprehensive loss.
In December 2023, Binford Aggregator LP issued a new tranche of A-2 units to be provided to certain executives. As of December 31, 2024 and 2023 there were approximately 476,190 A-2 units granted and the intrinsic value of this award on the grant date was equal to the value of the award. No stock-based compensation expense was re
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 value of the company's leased assets in 2023 was $29,536. This figure represents the combined value of operating lease right-of-use assets ($15,144) and property and equipment under finance leases ($14,392).
For a prospective franchisee, this information provides insight into the scale of assets that Benjamin Franklin Plumbing utilizes through leasing arrangements. Leased assets can include real estate, vehicles, or equipment necessary for business operations. Understanding the value of these assets can help a franchisee assess the financial health and operational structure of the franchisor.
It's important to note that these figures reflect the franchisor's leased assets and not necessarily the assets a franchisee will need to lease. A franchisee's leasing needs will depend on their specific business location, operational requirements, and financing arrangements. Reviewing this information in the FDD can help potential franchisees formulate relevant questions to ask the franchisor about typical leasing arrangements for franchisees and associated costs.