What was the net change in the number of franchised Benjamin Franklin Plumbing outlets during 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 255 | 275 | +20 |
| 2023 | 275 | 325 | +50 | |
| 2024 | 325 | 353 | +28 | |
| Company-Owned | 2022 | 10 | 10 | 0 |
| 2023 | 10 | 10 | 0 | |
| 2024 | 10 | 10 | 0 | |
| TOTALS | 2022 | 265 | 285 | +20 |
| 2023 | 285 | 335 | +50 | |
| 2024 | 335 | 363 | +28 |
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, the net change in the number of franchised outlets during 2024 was an increase of 28. Specifically, the number of franchised outlets started the year at 325 and ended the year at 353.
It is important to note that these figures represent the number of territories in operation at year-end, and it is not uncommon for franchisees to own more than one territory. Each franchise territory operates under a separate Franchise Agreement. As of December 31, 2024, there were 96 franchisees in operation.
Prospective franchisees should consider this growth when evaluating the brand's performance and market presence. A positive net change suggests expansion and potentially increasing brand recognition, which could benefit new franchisees. However, it's also crucial to assess the reasons behind outlet changes, such as terminations or non-renewals, to understand the stability and health of the franchise system.