How many Benjamin Franklin Plumbing outlets were opened in New York 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 Ope
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 was one outlet opened in New York during 2024. The table provided in Item 20 details the status of franchised outlets from 2022 to 2024, showing 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 valuable in understanding the growth and stability of the Benjamin Franklin Plumbing franchise system in specific states. Seeing that one outlet opened in New York in 2024, while the number of outlets remained consistent in 2022 and 2023, may indicate a recent expansion or renewed interest in the New York market. This data helps potential franchisees assess the opportunities and challenges of operating a Benjamin Franklin Plumbing franchise in New York.
It's important to note that the table also provides data on terminations, non-renewals, and other reasons for ceased operations. Reviewing these figures alongside the number of outlets opened can give a more comprehensive view of the franchise's performance and potential risks. For example, a high number of terminations in a particular state could signal underlying issues that a prospective franchisee should investigate further before investing.
Overall, the data presented in Item 20 offers valuable insights into the performance and trends of Benjamin Franklin Plumbing franchises across different states. By carefully analyzing this information, potential franchisees can make more informed decisions about whether to invest in a Benjamin Franklin Plumbing franchise and where to locate their business.