FDD ITEM 20 · FISCAL 2023–2025
Ace Sushi (Non-Traditional) Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Ace Sushi (Non-Traditional) reported 117 franchised outlets at year end. 47 of 97 franchised outlets open at the start of the year left the system (exit rate 48.5%, fiscal 2025), while 71 new outlets opened. Systemwide units moved +18.3% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 71 | 104 | 106 |
| Opened | 19 | 73 | 71 |
| Transfers | 0 | 0 | 24 |
| Terminations | 0 | 18 | 37 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 4 | 6 | 4 |
| Ceased — other reasons | 8 | 11 | 10 |
| Outlets at end | 104 | 106 | 123 |
| Net change | +33 | +2 | +17 |
37 terminations + 0 non-renewals + 10 ceased (other) = 47 exits ÷ 97 at start = 48.5%
These are the three FTC Item 20 statuses in which a franchised outlet left the system — including voluntary non-renewals and outlets that ceased for other reasons, which can include sales or absorption into another franchise. Transfers (24) are resales, not exits; reacquisitions by the franchisor (4) are tracked separately. There is no official “failure rate”, and not every exit is a closure or a failure; Item 20 does not say why any outlet left. On a small starting base, a single exit moves this rate sharply.
| State | Franchised | Company-owned |
|---|---|---|
| CA | 22 | 0 |
| SD | 11 | 0 |
| GA | 10 | 1 |
| IN | 8 | 0 |
| TX | 7 | 2 |
| OR | 6 | 0 |
| FL | 5 | 1 |
| KY | 5 | 0 |
| MO | 5 | 0 |
| NJ | 5 | — |
| OH | 5 | — |
| TN | 5 | 1 |
| NY | 4 | — |
| WA | 4 | 0 |
| MA | 3 | — |
| PA | 3 | — |
| VA | 3 | — |
| ID | 2 | 0 |
| KS | 2 | — |
| CO | 1 | — |
| DC | 1 | — |
| NC | 1 | 0 |
| NV | 1 | — |
| AL | 0 | 0 |
| AR | 0 | 1 |
| AZ | 0 | — |
| IA | 0 | — |
| IL | 0 | 0 |
| LA | 0 | 0 |
| MD | 0 | 0 |
| MI | 0 | — |
| NH | 0 | — |
| UT | 0 | 0 |
The Ace Sushi (Non-Traditional) validation checklist
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