Did Benjamin Franklin Plumbing identify any triggering events as of December 31, 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as of December 31, 2023 | Acquired During the Period | Opened During the Period | Closed During the Period | Reacquired by Franchisor | Franchises as of December 31, 2024 | |
|---|---|---|---|---|---|---|
| Ben Franklin | 325 | - | 41 | (13) | - | 353 |
| Mister Sparky | 164 | - | 48 | (3) | - | 209 |
| One Hour | 385 | - | 37 | (11) | - | 411 |
| Homewatch | 213 | - | 26 | (15) | - | 224 |
| Mosquito Squad | 217 | - | 19 | (10) | - | 226 |
| The Cleaning Authority | 221 | - | 16 | (4) | - | 233 |
| America's Swimming Pool | 375 | - | 40 | (24) | - | 391 |
| Monster | 214 | - | 10 | (48) | - | 176 |
| DoodyCalls | 86 | - | 31 | (6) | - | 111 |
| Screenmobile | 145 | - | 5 | (16) | - | 134 |
| STOP/DRYmedic | 43 | - | 27 | (3) | - | 67 |
| Junkluggers | 134 | - | 37 | (24) | - | 147 |
| Total | 2,522 | - | 337 | (177) | - | 2,682 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, the table provided shows franchise data as of December 31, 2024, but does not specifically identify any "triggering events." The table does show the number of franchises that closed or ceased operations during the period. For Benjamin Franklin Plumbing, 13 franchises closed or ceased operations during the period.
While the table does not use the term "triggering events," the closure of franchises could be considered a significant event for prospective franchisees to consider. A high number of closures might indicate underlying issues with the franchise system, market conditions, or franchisee support. However, without further information, it is difficult to determine the exact reasons for these closures.
It is important for potential franchisees to investigate the reasons behind franchise closures and understand the factors that contribute to success or failure within the Benjamin Franklin Plumbing system. Further due diligence, including speaking with current and former franchisees, is recommended to gain a comprehensive understanding.