FDD ITEM 20 · FISCAL 2021–2025
Bento Sushi Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2025 FDD), Bento Sushi reported 63 franchised outlets at year end. 8 of 60 franchised outlets open at the start of the year left the system (exit rate 13.3%, fiscal 2025), while 10 new outlets opened. Systemwide units moved +4.9% over 2024–2025.
| Status (FTC) | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| Outlets at start | 255 | 240 | 98 | 61 |
| Opened | 13 | 20 | 12 | 10 |
| Transfers | 0 | 3 | 4 | 15 |
| Terminations | 11 | 5 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 159 | 46 | 8 |
| Outlets at end | 243 | 98 | 61 | 64 |
| Net change | -12 | -142 | -37 | +3 |
0 terminations + 0 non-renewals + 8 ceased (other) = 8 exits ÷ 60 at start = 13.3%
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 (15) are resales, not exits; reacquisitions by the franchisor (0) 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 |
|---|---|---|
| PA | 8 | 0 |
| NC | 6 | — |
| FL | 5 | — |
| VA | 5 | — |
| AL | 4 | — |
| TN | 4 | — |
| CA | 3 | 0 |
| MD | 3 | — |
| ME | 3 | — |
| IN | 2 | — |
| LA | 2 | — |
| MA | 2 | — |
| MS | 2 | 1 |
| NJ | 2 | 0 |
| SC | 2 | — |
| TX | 2 | — |
| AZ | 1 | — |
| CO | 1 | — |
| IL | 1 | — |
| KY | 1 | — |
| MI | 1 | — |
| NV | 1 | — |
| WA | 1 | — |
| CT | 0 | — |
| DC | 0 | — |
| DE | 0 | — |
| NH | 0 | — |
| NY | 0 | 1 |
| VT | 0 | — |
The Bento Sushi validation checklist
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