Under what circumstances will Benjamin Franklin Plumbing waive the extension fee for the Opening Deadline?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
only and does not apply to any transaction involving brokers or any other third-party referral sources.
Opening Deadline Extension Fee
You are required to open the Franchised Business to the public by the deadline specified in your Franchise Agreement (the "Opening Deadline"). If you request an extension of the Opening Deadline, we have complete discretion whether to give an extension. If we agree to an extension, we have the right to charge you an extension fee of up to $1,000 per month of extension. However, you will not be charged an extension fee if your request is accompanied by supporting documentation demonstrating to our satisfaction that, despite your best efforts, you are u
Source: Item 5 — INITIAL FEES (FDD pages 15–18)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, franchisees are required to open their business by a specified deadline in the Franchise Agreement. If a franchisee requests an extension to this deadline, Benjamin Franklin Plumbing has the discretion to grant it.
However, Benjamin Franklin Plumbing will waive the extension fee, which can be up to $1,000 per month of extension, if the franchisee provides supporting documentation that demonstrates, to Benjamin Franklin Plumbing's satisfaction, that they were unable to obtain the necessary equipment to open and operate the franchise by the original opening deadline, despite their best efforts.
This waiver provides a safeguard for franchisees who encounter unforeseen delays in acquiring essential equipment, provided they can substantiate their efforts and the reasons for the delay. It's important for prospective franchisees to understand the requirements for documenting such delays and to maintain thorough records of their efforts to secure equipment in a timely manner.