How many Benjamin Franklin Plumbing outlets in Michigan 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 | Cea
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 78–87)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, there were 4 terminations of Benjamin Franklin Plumbing outlets in Michigan during 2024. The FDD provides a table outlining the status of franchised outlets, including terminations, on a state-by-state basis.
Specifically, for Michigan in 2024, the table shows that there were 7 outlets at the start of the year, 1 outlet opened, and 4 terminations, resulting in 4 outlets at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Benjamin Franklin Plumbing franchises in Michigan. A high number of terminations could indicate challenges within the market or issues with franchisor-franchisee relationships, while a low number suggests a more stable and successful environment.