How many Benjamin Franklin Plumbing outlets were opened in Michigan during 2023?
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 Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, there were 3 outlets opened in Michigan during 2023. The table provided in Item 20 of the FDD outlines the status of franchised outlets from 2022 to 2024. It shows the number of outlets at the start of the year, the number of 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 Michigan specifically, the table indicates that at the start of 2023, there were 4 Benjamin Franklin Plumbing outlets. During 2023, 3 new outlets were opened, and there were no terminations, non-renewals, re acquisitions by the company or outlets ceasing operations for other reasons. This resulted in a total of 7 outlets at the end of 2023.
This information is valuable for potential franchisees as it provides insight into the growth and stability of the Benjamin Franklin Plumbing franchise in Michigan. The opening of 3 outlets in a single year suggests a positive trend and potential for further expansion in the state. However, the subsequent opening of only 1 outlet in 2024, coupled with 4 terminations, indicates that prospective franchisees should investigate the reasons behind these changes to fully understand the market dynamics in Michigan.