FDD ITEM 20 · FISCAL 2023–2025
DRYMEDIC Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), DRYMEDIC reported 93 franchised outlets at year end. 3 of 66 franchised outlets open at the start of the year left the system (exit rate 4.5%, fiscal 2025), while 30 new outlets opened. Systemwide units moved +76.9% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 43 | 65 | 88 |
| Opened | 19 | 26 | 30 |
| Transfers | 3 | 0 | 0 |
| Terminations | 0 | 3 | 1 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 3 | 0 | 2 |
| Outlets at end | 65 | 88 | 115 |
| Net change | +22 | +23 | +27 |
1 terminations + 0 non-renewals + 2 ceased (other) = 3 exits ÷ 66 at start = 4.5%
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 (0) 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 |
|---|---|---|
| TX | 17 | — |
| CA | 11 | — |
| FL | 11 | — |
| NC | 7 | — |
| AZ | 6 | — |
| CO | 4 | 4 |
| GA | 4 | — |
| OR | 4 | — |
| TN | 4 | — |
| AL | 3 | — |
| IL | 3 | — |
| LA | 3 | — |
| NJ | 3 | — |
| SC | 3 | — |
| MI | 2 | 10 |
| MO | 2 | — |
| WA | 2 | — |
| KS | 1 | — |
| NM | 1 | — |
| PA | 1 | — |
| DE | 0 | — |
| IN | 0 | 2 |
| KY | 0 | 1 |
| NV | 0 | — |
| OH | 0 | 5 |
| VA | 0 | — |
The DRYMEDIC validation checklist
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