How many new Benjamin Franklin Plumbing franchises opened 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, there were 65 new Benjamin Franklin Plumbing franchises opened during 2023. This information is based on the franchise data compiled as of December 31, 2023.
For a prospective franchisee, this indicates the growth and expansion rate of the Benjamin Franklin Plumbing brand. A higher number of new openings can suggest a strong interest in the franchise and effective recruitment and onboarding processes. It also reflects the brand's ability to attract new franchisees and successfully establish new locations.
However, it's important to consider this number in conjunction with other data, such as closures and transfers, to get a complete picture of the franchise system's health. While 65 new franchises opened, 15 also closed during the same period. This gives a net growth of 50 units.
A prospective franchisee should investigate the reasons behind both the openings and closures to assess the overall stability and success rate of Benjamin Franklin Plumbing franchises. Understanding the factors that contribute to successful openings and the reasons for closures can help a franchisee make an informed decision and develop a robust business plan.