FDD ITEM 20 · FISCAL 2023–2025
DOC POPCORN Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), DOC POPCORN reported 78 franchised outlets at year end. 1 of 79 franchised outlets open at the start of the year left the system — an annualized exit rate of 1.3%— while 0 new outlets opened. Systemwide units moved +2.6% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 73 | 76 | 79 |
| Opened | 3 | 4 | 0 |
| Transfers | 2 | 1 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 1 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 1 | 0 |
| Outlets at end | 76 | 79 | 78 |
| Net change | +3 | +3 | -1 |
0 terminations + 1 non-renewals + 0 ceased (other) = 1 exits ÷ 79 at start = 1.3%
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 |
|---|---|---|
| TX | 15 | 0 |
| WI | 10 | 0 |
| FL | 6 | 0 |
| NJ | 6 | 0 |
| NY | 6 | 0 |
| IL | 5 | 0 |
| AZ | 4 | 0 |
| NC | 4 | 0 |
| CO | 3 | 0 |
| PA | 3 | 0 |
| PR | 3 | 0 |
| UT | 3 | 0 |
| CA | 2 | 0 |
| LA | 2 | 0 |
| MD | 2 | 0 |
| OH | 2 | 0 |
| SC | 2 | 0 |
| CT | 1 | 0 |
| DC | 1 | 0 |
| GA | 1 | 0 |
| MA | 1 | 0 |
| MN | 1 | 0 |
| MO | 1 | 0 |
| MS | 1 | 0 |
| NM | 1 | 0 |
| NV | 1 | 0 |
| OK | 1 | 0 |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing DOC POPCORN's numbers, including talking you out of a bad deal.
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