FDD ITEM 20 · FISCAL 2022–2024
ADVANCED FRESH CONCEPTS Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2024, from the 2024 FDD · 1+ year old), ADVANCED FRESH CONCEPTS reported 1,857 franchised outlets at year end. 2,509 of 4,069 franchised outlets open at the start of the year left the system (exit rate 61.7%, fiscal 2024), while 350 new outlets opened. Systemwide units moved -52.1% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 4,117 | 4,170 | 4,274 |
| Opened | 437 | 427 | 350 |
| Transfers | 315 | 354 | 334 |
| Terminations | 218 | 211 | 179 |
| Non-renewals | 19 | 15 | 27 |
| Reacquired by franchisor | 30 | 53 | 53 |
| Ceased — other reasons | 122 | 98 | 2,303 |
| Outlets at end | 4,170 | 4,274 | 1,997 |
| Net change | +53 | +104 | -2277 |
179 terminations + 27 non-renewals + 2,303 ceased (other) = 2,509 exits ÷ 4,069 at start = 61.7%
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 (334) are resales, not exits; reacquisitions by the franchisor (53) 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.
The ADVANCED FRESH CONCEPTS validation checklist
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