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Benjamin Franklin

Benjamin Franklin

The total investment to open a Benjamin Franklin franchise ranges from $84,570 to $286,702. The initial franchise fee is $43,000. Ongoing royalties are 6% plus a 1.5% advertising fee.

What is the Benjamin Franklin franchise?

The Multi Brand franchise began operating in 2001 in the essential home services sector. Its approach draws on the American ideals of punctuality, integrity, and diligent service associated with Benjamin Franklin. The business is headquartered under Benjamin Franklin Franchising, LLC, which operates as part of Authority Brands, a network of home service franchises across North America. The brand focuses on plumbing services delivered with professional care and respect for customers’ time. Its operating philosophy includes an on time guarantee. Its stated goal is to become North America’s most trusted and widely recognized plumbing provider through punctuality, integrity, and consistent service standards. Punctuality is supported by a policy that pays customers $5 for every minute a technician is late, up to $300 for each instance. The brand also provides a 100% satisfaction guarantee. Every technician must complete licensing requirements, background checks, and drug testing. The brand is known for its Punctual Plumber guarantee, which combines a promise of timely service with compensation when that promise is missed. Technicians are also expected to maintain professional conduct, technical ability, and cleanliness during each service call.

The essential home services industry is generally considered recession resistant because plumbing and related services address continuing, non discretionary needs. The U.S. plumbing sector employed an estimated 635,000 people in 2023 and reached a market value of $158.6 billion in 2024. Earlier projections placed the U.S. market at $110 billion by 2023. The industry continues to face a labor shortage, which affected approximately 68% of companies. The Multi Brand franchise addresses part of that need through structured training and support. Demand is also supported by investment in critical infrastructure. Customer service creates an additional opportunity. Market research shows that 89% of customers are highly likely to order services again after receiving exceptional treatment and professional care. The broader home services market includes heating and air conditioning. The U.S. Heating & Air Conditioning Contractors segment reached $158.4 billion in 2025 and increased by 1.5% that year. It grew at a compound annual growth rate of 1.5% from 2020 to 2025 and 2.6% from 2021 to 2026, with projected growth of 0.7% for 2026. The U.S. HVAC systems market was valued at an estimated $31,714.8 million in 2025 and is projected to reach $54,021.0 million by 2033, representing a compound annual growth rate of 6.9% from 2026 to 2033. Growth is being driven by residential and commercial construction, urban expansion, and consumer demand for indoor comfort and air quality. The residential segment held a 39.6% revenue share in 2025. The commercial segment is expected to post the fastest compound annual growth rate, at 7.4% from 2026 to 2033. Heating equipment is projected to grow at a 7.2% compound annual growth rate over the same period. Retail stores held the largest distribution share, at 48.3% of revenue in 2025. The global HVAC market is forecast to reach $333 billion by late 2026, with a compound annual growth rate of 7.4%. The U.S. HVAC market is projected to reach $165 billion in 2026 and employ an estimated 1.6 million people. Trends identified for 2026 include a possible peak in replacement demand of 3.5 million HVAC systems and higher demand for 17 SEER2 systems as energy efficiency standards change.

The investment depends on whether the buyer is starting a new operation or converting an existing plumbing business. A new startup has an estimated initial cost of $143,273 to $286,702. A conversion has an estimated initial cost of $84,570 to $204,824. These figures come from the 2025 Franchise Disclosure Document. The initial franchise fee for a new location is $43,000. The brand also charges a population fee of $0.43 for each person above the first 100,000 people in the assigned territory. A conversion franchise has an initial fee of $5,000. These fees are due when the franchise agreement is signed. Conversion franchisees may qualify to have as much as 100% of the initial franchise fee forgiven after five years of operation, provided they meet the required business performance measures. The 2025 Franchise Disclosure Document lists conversion franchise fees from $12,900 to $38,700, with the amount based on territory size and the converting business’s existing revenue. The royalty is 6% of gross revenue or $1,500 per month, whichever is greater. Grand opening marketing is estimated at $18,000 over 90 days, averaging $6,000 per month. The campaign starts 30 days before opening and continues for 60 days after launch. A call center fee is currently $2.05 per call and increases to $29 for a call that produces a booked customer appointment. Renewal costs $5,000. The usual transfer fee is $10,000. A change of ownership fee is the greater of $500 or the franchisor’s outside legal and administrative costs, plus a training fee of $1,500 for each person required to attend training. Franchisees also pay ongoing fees for technology services and proprietary applications. The brand does not require a specific financial qualification beyond showing enough capital or financing to cover franchise fees, the initial investment, and anticipated operating costs. It offers limited internal financing, allowing qualified candidates to finance up to 75% of the initial franchise fee through a promissory note. Terms range from 12 to 36 months, with interest from 12% to 18%. The required down payment is the greater of 20% of the financed amount or $5,000. The brand also assists franchisees who pursue third party financing, including Small Business Administration loans, home equity loans, and rollovers for business startups, also known as ROBS programs. Veterans and active duty military personnel may receive a 30% reduction in the franchise fee for their first Multi Brand franchise. Women, minority owners, and first responders may receive $5,000 off the franchise fee for their first location. First responders include law enforcement officers, firefighters, doctors, nurses, and EMT or paramedics. Existing owners adding territories receive a 30% discount on the franchise fee for each additional territory. Most discounts generally cannot be combined, and terms can change, so buyers should confirm current conditions with the brand.

The Multi Brand operating model includes technical and business training at the brand’s training facility. Initial instruction covers plumbing systems, service procedures, customer experience practices, and business operations. The program is intended to support owners who do not have previous plumbing experience. After onboarding, franchisees can receive guidance from business coaches, peer mentoring within the franchise network, and continuing education. Support also includes marketing, lead generation, technology updates, and operational guidance. Through the proprietary BuyMax program, owners receive preferred pricing on parts, supplies, fleet vehicles, insurance coverage, branded products, and communications solutions. These purchasing arrangements are intended to help control overhead. The support system provides an established operating system, collective purchasing power, and business management technology. Franchisees can also share knowledge, operating practices, and assistance through the peer network. Daily responsibilities include managing appointments, coordinating technician schedules and tasks, overseeing service calls from start to finish, and communicating with customers. At the end of the day, owners review completed jobs, evaluate staff performance against established measures, and plan upcoming appointments. Hiring focuses on people who value integrity and customer service. Team members then receive training and certifications intended to build a skilled, professional, customer focused workforce.

Results can vary based on market conditions, operating efficiency, and local marketing.

The Multi Brand franchise has expanded across North America. It reported more than 360 locations as of June 2025. A separate report from November 2025 identified more than 342 franchised units nationwide and 10 company owned locations. Another report from April 2025 stated that the brand had more than 250 locations across North America. The network consists of individually owned franchises throughout North America. The brand attributes its growth to its business model and support for franchisees. Multi unit ownership is available but is not mandatory, and existing franchisees can receive discounts on additional territories. The brand ranked number 10 on Entrepreneur’s 2023 diversity, equity, and inclusion list.

Loan Activity Score

46/100

SBA Default Rate

0.0%

Active Lenders

6

Franchisees account for 353 of Benjamin Franklin's 363 locations. Public SBA loan records show 6 lenders made 7 loans to franchisees of Benjamin Franklin. PeerSense calculates Benjamin Franklin's score as 46 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2026 Franchise Disclosure Document.

363 locations

Investment

$84,570 to $286,702

Franchise Fee

$43,000

Total Units

363

353 franchised

Loan Activity Score
Medium
46
SBA Lending
25
Lender Quality
5
Transparency
8
Reach
5
Momentum
3

Proprietary PeerSense metric

Fair
Capital Sources
6SBA lenders

Distinct lenders in public SBA records for Benjamin Franklin

7

Total SBA loans

$258K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Benjamin Franklin

Loan Activity Score Breakdown

Emerging (3 to 9 loans)

Medium Confidence
46out of 100
Fair
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence5/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency8/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint5/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

0.0%

vs 7.0% peer avg

SBA Loans

7

Total Volume

$1.8M

Active Lenders

6

States

5

vs. SBA Sector Average

+7%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (0.0%)
Item 19 financial data disclosed
363 locations nationwide

Data Insights

Key performance metrics for Benjamin Franklin based on SBA lending data

SBA Default Rate

0.0%

7.0% below peer avg

SBA Loan Volume

7 loans

Across 6 lenders

Lender Diversity

6 lenders

Avg 1.2 loans per lender

Investment Tier

Mid range investment

$84,570 to $286,702 total

Benjamin Franklin: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2025

12 approvals. The best year on record for Benjamin Franklin.

Top SBA State

California

7 SBA financed Benjamin Franklin locations, the densest operator footprint.

Average Loan Size

$349K

Median $300K. Use as a sizing anchor when modeling your own Benjamin Franklin unit.

Lender Concentration

53.4%

Concentrated

Share of Benjamin Franklin approvals captured by the top 3 SBA lenders.

Benjamin Franklin's SBA lending pipeline peaked in 2025 (12 approvals). The last five fiscal years account for 471% of cumulative volume ($9.3M approved). Operator density is highest in California with 7 SBA financed locations. Average funded ticket sits at $349K, with the median at $300K. Lender mix is concentrated: the top three SBA lenders account for 53.4% of approvals. Credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$68K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$875

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Benjamin Franklin, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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2 FDDs Available for Benjamin Franklin

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Benjamin Franklin

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman