FDD ITEM 20 · FISCAL 2022–2024
BFT Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), BFT reported 49 franchised outlets at year end. 4 of 32 franchised outlets open at the start of the year left the system — an annualized exit rate of 12.5%— while 21 new outlets opened. Systemwide units moved +2350.0% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 2 | 2 | 32 |
| Opened | 0 | 30 | 21 |
| Transfers | 0 | 5 | 0 |
| Terminations | 0 | 0 | 2 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 2 |
| Outlets at end | 2 | 32 | 49 |
| Net change | 0 | +30 | +17 |
2 terminations + 0 non-renewals + 2 ceased (other) = 4 exits ÷ 32 at start = 12.5%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
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