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Description

How to Open a Benjamin Franklin Plumbing Franchise?

To begin your journey as a Benjamin Franklin Plumbing franchisee, you will first need to fill out an ownership application. This will lead you through a series of interviews and a review process. If you meet the qualifications, you may be invited to a Discovery Day at the franchisor's headquarters. This event is an opportunity to meet with current franchisees, learn about their experiences, and gain insights from the franchise team. Once you are awarded a franchise, you can start offering plumbing services to your community.

What Makes a Benjamin Franklin Plumbing Franchise a Good Choice?

Before investing, it’s crucial to evaluate whether Benjamin Franklin Plumbing aligns with your business goals. Consider consulting with a financial advisor and a franchise attorney to analyze the financial aspects, including the initial investment, ongoing fees, and potential revenue. The franchise has a strong recognition in the plumbing industry and offers a comprehensive training program. Franchisees can expect to pay an initial franchise fee ranging from $43,000 to $130,392, depending on whether they are starting from scratch or converting an existing plumbing business.

Why You May Want to Start a Benjamin Franklin Plumbing Franchise?

Benjamin Franklin Plumbing provides a wide array of plumbing services, including maintenance, repair, and remodeling. The brand emphasizes high-quality workmanship and customer satisfaction, which can lead to strong customer loyalty. If you are passionate about providing home services and have a knack for customer relations, this franchise may be a perfect match for you. Additionally, the franchise offers ongoing support in operations and marketing, helping you establish and grow your business effectively.

Is Owning a Benjamin Franklin Plumbing Franchise Right for You?

The plumbing industry is competitive, but Benjamin Franklin Plumbing has a solid foundation, having been established as a franchise since 2001. With a network of support and a well-defined operational system, franchisees may benefit from a structured approach to running their business. However, it is vital to assess your readiness for the required initial investment of up to $274,076 for a startup franchise, and the potential ongoing royalty fees and advertising costs.

Benjamin Franklin Plumbing Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Home Services Franchises
A more specific division within the broader industry.

Category

Plumbing
Available financing options to help start the franchise.

Funding Year

2001
The main organization that owns the franchise brand.

Parent Company

Authority Brands
The key individuals guiding the franchise’s strategy and growth.

Leadership

Mark Baker
The official business address of the franchisor’s headquarters.

Corporate Address

7120 Samuel Morse Drive, Suite 300, Columbia, Maryland 21046
The total amount required to launch the franchise.

Initial Investment

$73,992 - $274,076
The initial fee paid to join the franchise system.

Franchise Fee

$43,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

6%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

1.50%
The minimum liquid capital you must have on hand.

Cash Required

$40,000 - $60,000
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$500,000 - $1,000,000
The typical yearly revenue generated per franchise location.

Average Revenue

$3,072,783
The middle value of yearly revenue among franchise locations.

Median Revenue

$2,509,210
The smallest reported annual revenue among franchisees.

Lowest Revenue

$35,421
The largest reported annual revenue among franchisees.

Highest Revenue

$26,053,457
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

24 Months

Benjamin Franklin Plumbing Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

285
The number of locations owned by independent franchisees.

Franchised Units

275
The number of locations owned and run by the franchisor.

Corporate Units

10
Units 2021 2022 2023
Total Units 256 265 285
Net Change YoY 9 20
Franchised Units 246 255 275
Net Change YoY 9 20
Corporate Units 10 10 10
Net Change YoY 0 0

Company Background

Benjamin Franklin Plumbing is a leading plumbing franchise known for its commitment to providing reliable and efficient plumbing services across North America. Established in 2008, the franchise has rapidly expanded its presence, boasting over 200 locations. The brand is dedicated to offering high-quality plumbing repairs, installations, and maintenance services while prioritizing customer satisfaction and transparency in pricing. Benjamin Franklin Plumbing differentiates itself with its punctuality guarantee, promising that if they’re late, the customer receives a discount on the service.

Franchise Opportunity

Investing in a Benjamin Franklin Plumbing franchise presents an exciting opportunity for aspiring entrepreneurs looking to enter the home service industry. The franchise model offers comprehensive training and support to franchisees, covering everything from technical skills to marketing strategies. With a strong brand reputation and increasing demand for plumbing services, franchisees can tap into a lucrative market while benefiting from the established operational framework that Benjamin Franklin Plumbing provides.

Corporate Structure

Benjamin Franklin Plumbing operates under the parent company, Authority Brands, which is headquartered in Columbia, Maryland. The franchise was developed as part of a larger network of home service brands and has continued to grow its footprint since its inception. Authority Brands focuses on empowering franchisees with the resources and support needed for success, ensuring that Benjamin Franklin Plumbing maintains a strong corporate identity while fostering local community engagement.

Royalties

Franchisees of Benjamin Franklin Plumbing are required to pay a royalty fee of 7% of gross sales. In addition, franchisees contribute 2% of their gross sales to a national advertising fund that supports brand marketing and promotional activities. These fees help ensure that franchisees are part of a well-funded brand that can effectively compete in the plumbing services market while benefiting from national marketing exposure.

Company Mission

The mission of Benjamin Franklin Plumbing is to deliver exceptional plumbing services that exceed customer expectations, ensuring every job is done right the first time. The franchise aims to build long-lasting relationships with customers through transparency, integrity, and outstanding service. By adhering to the principle of "On Time. Or It’s Free!", Benjamin Franklin Plumbing strives to create a unique customer experience that emphasizes reliability and trustworthiness in the plumbing industry.

Brand Story

Founded in 2008 as a response to the growing need for reliable home service providers, Benjamin Franklin Plumbing quickly established itself as a trusted name in the plumbing industry. The brand is named after one of America’s most beloved founding fathers, Benjamin Franklin, who was known for his innovative spirit and commitment to service. By incorporating these values into its operations, the franchise has built a strong reputation for quality and dependability, continuously expanding its network of skilled plumbers who are dedicated to serving communities across the nation.

Frequently Asked Questions

The franchise fee for opening a Benjamin Franklin Plumbing franchise is $43,000, which can be paid as a lump sum or financed upon signing the Franchise Agreement.