How many Benjamin Franklin Plumbing outlets in Idaho experienced terminations in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |---|---|---| | Oklahoma | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | Pennsylvania | 2022 | 4 | | | 2023 | 0 | | | 2024 | 7 | | Texas | 2022 | 3 | | | 2023 | 0 | | | 2024 | 0 | | TOTALS | 2022 | 30 | | | 2023 | 28 | | | 2024 | 15 | (1) States not listed had no transfers for years 2022, 2023, or 2024.
TABLE 3 Status of Franchised Outlets For Years 2022 to 2024(1)(2)(3)
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Company |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 78–87)
What This Means (2025 FDD)
According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, there were two terminations of Benjamin Franklin Plumbing outlets in Idaho during 2024. The table provided in Item 20 details the status of franchised outlets from 2022 to 2024, offering a year-by-year breakdown of outlet activity across different states. This includes the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the company, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is crucial in assessing the stability and performance of Benjamin Franklin Plumbing franchises in specific regions. The termination data can indicate potential challenges or market conditions affecting the success of franchises in those areas. It's important to note that states not listed in the table had no franchisee-owned outlet activity for the years 2022, 2023, or 2024, which could mean either limited market presence or recent expansion efforts in those states.
Overall, the data suggests that while Benjamin Franklin Plumbing is expanding nationally, certain regional markets may present more challenges than others. Reviewing termination rates alongside other factors like outlets opened and transfers can provide a more comprehensive understanding of franchise performance and potential risks. Prospective franchisees should further investigate the reasons behind terminations in specific states to better evaluate their investment decisions.