How many Benjamin Franklin Plumbing franchises closed or ceased operations during 2023?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchises as of December 31, 2022 | Acquired During the Period | Opened During the Period | Closed/ Ceased During the | Reacquired by Franchisor | Franchises as of December 31, 2023 | |
|---|---|---|---|---|---|---|
| Ben Franklin | 275 | - | 65 | (15) | - | 325 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, 15 Benjamin Franklin Plumbing franchises closed or ceased operations during 2023. At the beginning of the year, there were 275 franchises, and by the end of 2023, the number increased to 325. During the year, 65 new Benjamin Franklin Plumbing franchises opened.
Franchise closures are a normal part of the franchise lifecycle, due to factors like franchisee retirement, poor performance, or failure to comply with brand standards. However, a high number of closures can be a warning sign.
A prospective Benjamin Franklin Plumbing franchisee should inquire about the reasons for closures and evaluate the overall health and growth trajectory of the Benjamin Franklin Plumbing system.