How many Benjamin Franklin Plumbing outlets were operating in Michigan at the end of 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 Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, there were 4 outlets operating in Michigan at the end of 2024. The number of outlets at the start of 2024 was 7. During 2024, 1 outlet was opened, and 4 were terminated, resulting in 4 outlets at the end of the year.
For a prospective franchisee, this data indicates the net change in the number of Benjamin Franklin Plumbing franchises in Michigan. It is important to note the terminations, which could signal market challenges or franchisee-specific issues. Understanding the reasons behind these terminations could be crucial for a potential franchisee assessing the stability and growth potential of the Michigan market.
It would be prudent for a potential Benjamin Franklin Plumbing franchisee to investigate the reasons for the terminations and the overall market dynamics in Michigan. This information, combined with the franchisor's insights, can provide a more comprehensive understanding of the opportunities and challenges in the region.