How Much Does Starting a Benjamin Franklin Plumbing Franchise Cost?
Opening a Benjamin Franklin Plumbing franchise means having the opportunity to experience the significant upside of our business management, resources, and other tools. While the advantages of opening a Benjamin Franklin Plumbing franchise are many, the costs aren’t so much!
The cost of converting an existing business is between $71,000 - $184,800 and starting a new company requires an investment between $129,100 - $270,400.
*See item 6 of the current Franchise Disclosure Document (FDD) for additional information.
Best of all, choosing to open a Benjamin Franklin Plumbing location is easier thanks to how quickly you can start operating your business. In many cases, franchise owners can start helping their community receive quality plumbing services within just 90 days after signing their agreement. This makes the delay between your initial investment and working to grow it as short as possible!
What Does It Take to Join Benjamin Franklin Plumbing?
If you're an entrepreneur looking to start a new business, we’re ready to start a discussion that will help you decide if starting a plumbing company is right for your goals. You don’t have to be an industry veteran to start a Benjamin Franklin Plumbing, and we’re ready to show you how we’ll help you get to work!
We’ve designed a business model that works great for owners of plumbing companies who are looking to convert their business to a franchise. In many instances, owners of existing companies qualify for discounts on fees and other types of financial assistance. This means that taking your business to its next level is simple when you choose Benjamin Franklin Plumbing.
FRANCHISE FEE*
- $43,000 for a new territory of up to 100k in population
$0 due up front for conversions
Investment will be deferred for 5 years.
See Item 5 and Item 7 of the Franchise Disclosure Document
Discounts for Veterans
Diversification Discount for Women & Minorities
We’re proud members of the International Franchise Association's (“IFA”) DiversityFran® Program, which provides a reduced franchise fee of $5,000 for minority owned and women-owned businesses. To qualify for the Diversity Discount, the franchised business must be at least 51% owned by a woman or minority. Discounts may not be combined. This discount is for the first franchise only.
Authority Brands uses the power of the franchise system to transform the home services industry and keep small businesses alive at the heart of the economy. We have a deep commitment to giving franchise owners all the tools they need to operate a successful business, and part of that includes making the unreachable reachable for communities that face additional barriers to entry. Through the International Franchise Association’s VetFran and DiversityFran programs, we are creating more veteran-, woman-, and minority-owned businesses. Let’s talk today about how those programs can work for you.
Starting a Plumbing Franchise Is a Simple Process
One of the best parts about owning your plumbing business is the lower operational costs compared to businesses that require a retail location.
To make the costs of opening a Benjamin Franklin Plumbing franchise more manageable, many of our first-time owners opt for financing. Since starting a new company is an important decision, financing can help relieve some of the uncertainty many owners feel during the earliest days of operation. Financing also helps ensure that you’ll have the extra capital to cover the operational costs of your new business.
Our plumbing franchise owners have used financing such as
SBA Loans
A type of loan provided by the United States Small Business Administration. These loans are backed by collateral and require franchisees to submit documentation regarding their new business and current financial information.Home equity loans
Your home might be the key to starting your new business!Retirement funds
These funds could be a great alternative to traditional financing. If you have retirement funds, speaking with a qualified financial advisor could help you determine if a ROBS arrangement is the right decision for you.
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