- 2024 Franchise 500 Rank
-
#286 Not ranked last year
- Initial investment
-
$129K - $224K
- Units as of 2023
-
331 23.5% over 3 years
Benjamin Franklin Plumbing usually offers plumbing services for homeowners and other commercial properties. Their services may include the full spectrum of service, maintenance, repair, and replacement. Benjamin Franklin Plumbing was founded in 2000 and began to franchise a year later.
This business is part of Authority Brands, which may offer excellent technical and professional support and backing for any Benjamin Franklin plumber and franchise locations.
Plumbing emergencies happen frequently, and that's what makes being a part of Benjamin Franklin Plumbing more interesting. It keeps all service vehicles fully stocked so their technicians may be able to make repairs right away, rather than having to schedule additional appointments. Its technicians work on anything from water heaters to bathtubs. They also accept a wide variety of projects, no matter the size.
Why You May Want to Open a Benjamin Franklin Plumbing Franchise
Benjamin Franklin Plumbing is proud of the strict ethical code it implores its employees to follow. This includes integrity and respect for the law. It also emphasizes safety and works hard to maintain its good reputation. It guarantees that employees will respect clients and their privacy, which establishes a level of trust for customers.
They have competitive pricing available thanks to the bargaining power from its affiliation with BuyMax. And they focus on transparent pricing, which can be refreshing for the service industry. Other benefits may include access to business and training coaches and cutting-edge management technology.
Benjamin Franklin Plumbing also offers customers access to The Ben Franklin Society, a membership-only program that provides routine inspections, discounts, and priority service for a monthly fee.
What Might Make Benjamin Franklin Plumbing a Good Choice?
Opening your own Benjamin Franklin Plumbing franchise might be a good choice because it's already part of a bigger brand. The recognition that prominent brands enjoy could propel your franchise faster than one that's still trying to carve a piece out in the marketplace.
You will control 100% of your business once you become a Benjamin Franklin Plumbing franchise owner. This is made possible by the terms and conditions that the company boasts. Its franchisees may find advantages in being a local service provider that carries both recognition and power.
Benjamin Franklin Plumbing franchisees often benefit from a great support system that promotes growth in tandem with the parent company's expectations. The company typically provides marketing support and plans for franchisee retirement.
How to Start and Own a Benjamin Franklin Plumbing Franchise
To start the process, entrepreneurs first need to make sure they are financially ready to make an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees, including royalty, advertising, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Benjamin Franklin Plumbing may offer assistance in locating the best areas to open a new franchise. This collaboration just might save you time spent on market research before opening a new location. As a franchisee, you'll typically enjoy peer-to-peer networking, which allows you to learn from other industry players in the franchise. These networking opportunities are meant to help you grow and avoid common pitfalls.
There are hundreds of Benjamin Franklin Plumbing locations across the United States, and by working closely with its corporate office in Columbia, Maryland, you might be well on your way to opening up one of your own.
Company Overview
About Benjamin Franklin Plumbing
Industry | Maintenance |
---|---|
Related Categories | Plumbing , Miscellaneous Maintenance Businesses |
Founded | 2000 |
Parent Company | Authority Brands |
Leadership | Thomas Dougherty, VP of Operations & Brand President |
Corporate Address |
7120 Samuel Morse Dr., #300 Columbia, MD 21046 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2001 (23 years) |
---|---|
# of employees at HQ | 742 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 331 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Benjamin Franklin Plumbing franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$43,000 |
---|---|
Initial Investment
|
$128,954 - $223,738 |
Net Worth Requirement
|
$250,000 |
Cash Requirement
|
$75,000 |
Veteran Incentives
|
30% off first-unit franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
to 1.5% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | Benjamin Franklin Plumbing offers in-house financing to cover the following: franchise fee |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 35 hours |
---|---|
Classroom Training | 35 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
Yes |
# of employees required to run | 4-12 |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Benjamin Franklin Plumbing landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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