How many Benjamin Franklin Plumbing outlets were opened in Minnesota during 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 | Ceased Oper
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 9 outlets opened in Minnesota during 2024. The number of outlets at the start of the year was 12, and after opening 9 outlets, the total number of outlets at the end of 2024 was 21.
This information is valuable for potential franchisees as it provides insight into the growth and expansion of Benjamin Franklin Plumbing in Minnesota. A prospective franchisee can see the rate at which new locations are being established, which can be an indicator of the brand's popularity and market penetration in the state.
However, it is important to consider other factors such as terminations, non-renewals, and transfers, as these can also impact the overall health and stability of the franchise system in a given area. Reviewing the complete outlet data, including closures and transfers, will give a more comprehensive understanding of the market dynamics for Benjamin Franklin Plumbing in Minnesota.