How many Benjamin Franklin Plumbing franchises closed or ceased operations during 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/ Ceased During the | Reacquired by Franchisor | Franchises as of December 31, 2024 | |
|---|---|---|---|---|---|---|
| Ben Franklin | 325 | - | 41 | (13) | - | 353 |
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, 13 franchises closed or ceased operations during 2024. This information is part of a larger table that provides an overview of franchise activity across all brands offered by the franchisor. The table also shows that as of December 31, 2023, there were 325 Benjamin Franklin Plumbing franchises, and by December 31, 2024, this number had increased to 353, with 41 new franchises opening during the period.
For a prospective franchisee, this data offers insight into the stability and growth of the Benjamin Franklin Plumbing franchise system. While closures are a normal part of any franchise system, the number of closures relative to the number of openings and the overall size of the franchise can indicate the health of the system.
It's important to note that franchise closures can occur for various reasons, including the franchisee's decision not to renew the agreement, failure to meet performance standards, or other business-related challenges. A prospective franchisee should investigate further to understand the reasons behind the closures and assess the overall risk and opportunity associated with investing in a Benjamin Franklin Plumbing franchise. Reviewing Item 20 in the FDD, which provides more detailed information on franchise terminations, transfers, and non-renewals, would also be beneficial.