FDD ITEM 20 · FISCAL 2023–2025
CAR-X Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), CAR-X reported 46 franchised outlets at year end. 1 of 47 franchised outlets open at the start of the year left the system — an annualized exit rate of 2.1%— while 0 new outlets opened. Systemwide units moved -21.8% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 145 | 124 | 118 |
| Opened | 0 | 0 | 0 |
| Transfers | 0 | 0 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 2 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 26 | 0 | 1 |
| Outlets at end | 124 | 118 | 97 |
| Net change | -21 | -6 | -21 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 47 at start = 2.1%
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.
| State | Franchised | Company-owned |
|---|---|---|
| MO | 17 | 6 |
| IL | 15 | 19 |
| OH | 6 | — |
| MN | 3 | 3 |
| KY | 2 | — |
| WI | 2 | 3 |
| IN | 1 | 4 |
| IA | 0 | 16 |
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