What was the total value of software in development for Benjamin Franklin Plumbing as of December 31, 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
As of December 31, 2024, software in development consisted of software for internal use and software to be sold of $1,541 and $8,466, respectively. As of December 31, 2023 software in development consisted of software for internal use and software to be sold of $3,859 and $6,431, respectively.
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, as of December 31, 2023, the total value of software in development was divided into two categories: software for internal use and software to be sold. The value of software for internal use was $3,859, while the value of software to be sold was $6,431.
Therefore, the combined total value of all software in development for Benjamin Franklin Plumbing as of December 31, 2023, was $10,290 (calculated by adding $3,859 and $6,431).
This information is relevant for prospective franchisees as it provides insight into the company's investment in software development, which could impact the technology and tools available to franchisees. Understanding the breakdown between software for internal use and software intended for sale can also give franchisees a sense of the company's strategic priorities and potential revenue streams.