How many Benjamin Franklin Plumbing franchises were closed during the period specified in the table?
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 During the Period | Reacquired by Franchisor | Franchises as of December 31, 2023 | |
|---|---|---|---|---|---|---|
| Ben Franklin | 275 | - | 65 | (15) | - | 325 |
| Mister Sparky | 139 | - | 31 | (6) | - | 164 |
| One Hour | 352 | - | 52 | (19) | - | 385 |
| Homewatch | 222 | - | 16 | (25) | - | 213 |
| Mosquito Squad | 213 | - | 15 | (11) | - | 217 |
| The Cleaning Authority | 218 | - | 13 | (10) | - | 221 |
| America's Swimming |
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 were closed during 2023. The table provided in Item 22 of the FDD details franchise data from December 31, 2022, to December 31, 2023, including the number of franchises that were closed during that period.
This information is relevant for prospective franchisees as it provides insight into the stability and performance of the Benjamin Franklin Plumbing franchise system. A higher number of closures could indicate potential issues with the franchise model, market conditions, or franchisor support. Conversely, a low number of closures may suggest a healthy and well-managed franchise system.
It is important to note that franchise closures can occur for various reasons, including franchisees retiring, selling their business, or failing to meet performance standards. Therefore, it is essential for potential franchisees to investigate the reasons behind any closures and assess whether these factors could impact their own franchise operations. Reviewing the trends in closures over multiple years, as presented in the FDD, can provide a more comprehensive understanding of the franchise system's stability.