FDD ITEM 20 · FISCAL 2023–2025
C12 Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), C12 reported 74 franchised outlets at year end. 0 of 67 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.0%— while 7 new outlets opened. Systemwide units moved +13.8% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 62 | 65 | 67 |
| Opened | 4 | 2 | 7 |
| Transfers | 1 | 2 | 4 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 65 | 67 | 74 |
| Net change | +3 | +2 | +7 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 67 at start = 0.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (4) 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.
| State | Franchised | Company-owned |
|---|---|---|
| FL | 8 | — |
| NC | 5 | — |
| TX | 5 | — |
| OH | 4 | — |
| CA | 3 | — |
| MI | 3 | — |
| SC | 3 | — |
| TN | 3 | — |
| AL | 2 | — |
| AR | 2 | — |
| CO | 2 | — |
| GA | 2 | 0 |
| IA | 2 | — |
| IL | 2 | — |
| IN | 2 | — |
| LA | 2 | — |
| MO | 2 | — |
| PA | 2 | — |
| VA | 2 | — |
| WA | 2 | — |
| WI | 2 | — |
| AZ | 1 | — |
| CT | 1 | — |
| DE | 1 | — |
| ID | 1 | — |
| MD | 1 | — |
| MN | 1 | — |
| NE | 1 | — |
| NH | 1 | — |
| NJ | 1 | — |
| NM | 1 | — |
| OK | 1 | — |
| OR | 1 | — |
| RI | 1 | — |
| SD | 1 | — |
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