FDD ITEM 20 · FISCAL 2023–2025
Ace Sushi (Traditional) Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Ace Sushi (Traditional) reported 541 franchised outlets at year end. 166 of 504 franchised outlets open at the start of the year left the system — an annualized exit rate of 32.9%— while 217 new outlets opened. Systemwide units moved +26.0% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 352 | 465 | 535 |
| Opened | 202 | 200 | 217 |
| Transfers | 23 | 95 | 107 |
| Terminations | 51 | 106 | 114 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 23 | 3 | 14 |
| Ceased — other reasons | 24 | 10 | 52 |
| Outlets at end | 465 | 535 | 586 |
| Net change | +113 | +70 | +51 |
114 terminations + 0 non-renewals + 52 ceased (other) = 166 exits ÷ 504 at start = 32.9%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (107) are resales, not exits; reacquisitions by the franchisor (14) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| CA | 274 | 25 |
| IL | 45 | 5 |
| MI | 38 | 4 |
| IN | 29 | 1 |
| MO | 16 | — |
| WI | 15 | 2 |
| WA | 13 | 1 |
| PA | 11 | 0 |
| ID | 10 | — |
| MN | 10 | 1 |
| MT | 10 | 1 |
| OH | 9 | 2 |
| SD | 7 | 0 |
| LA | 6 | 0 |
| NY | 6 | 0 |
| CO | 5 | 0 |
| SC | 5 | 1 |
| KY | 4 | 1 |
| FL | 3 | — |
| MD | 3 | 0 |
| NJ | 3 | — |
| OK | 3 | — |
| TN | 3 | 0 |
| VA | 3 | — |
| AL | 2 | 1 |
| IA | 2 | — |
| NC | 2 | 0 |
| OR | 2 | — |
| AR | 1 | 0 |
| GA | 1 | 0 |
| MA | 1 | 0 |
| CT | 0 | — |
| NH | 0 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Ace Sushi (Traditional)'s numbers, including talking you out of a bad deal.
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