Benjamin Franklin Plumbing is a plumbing service provider offering maintenance, repairs, and installations. The franchise focuses on residential and light commercial plumbing needs.
Key Insights
- Benjamin Franklin Plumbing began with a vision to provide reliable and professional plumbing services across the nation, establishing a strong brand identity built on trust and expertise. The franchise operates on a model that emphasizes consistent service standards, comprehensive training for technicians, and a customer-centric approach designed to build lasting relationships. This focus has allowed for widespread recognition and a dependable service experience.
- The business has grown into a national network of independently owned and operated franchises, delivering essential plumbing solutions to homes and businesses. This structure leverages local market knowledge with the strength of a recognized brand, providing a proven system for operational efficiency and customer acquisition. Franchisees benefit from established marketing strategies and operational support.
- Benjamin Franklin Plumbing is part of the essential home services industry, a sector that experiences consistent demand regardless of economic conditions. The need for repairs, maintenance, and installations in plumbing is a constant for property owners. This industry stability offers a reliable foundation for the franchise's service model.
Franchise Fee and Costs to Open
Exploring the financial picture of Benjamin Franklin Plumbing gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $143,273 - $286,702, along with a franchise fee of $43,000 - $43,000.
Financial Performance and Revenue
Yearly gross sales of $1,642,093 and estimated earnings of $197,052 - $246,314 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 1.5-3.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Benjamin Franklin Plumbing provides comprehensive training for new franchisees. Initial training, lasting two weeks, takes place at their headquarters. This program offers extensive operational guidance and business management strategies. The franchisor also provides ongoing support and access to a wealth of resources to aid in franchise success.
Legal Considerations
Legal considerations for a Benjamin Franklin Plumbing franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a plumbing franchise involves navigating a dynamic local market where established competitors and new entrants vie for customer attention. The business model's reliance on a consistent flow of specialized parts presents a supply chain consideration, potentially impacting service delivery timelines. Effectively managing a team of technicians and a diverse range of service calls adds to the operational complexity of maintaining high service standards.
Franchise Datasheet
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