FDD ITEM 20 · FISCAL 2021–2023
Erbert & Gerbert'S Subs & Clubs Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2023, from the 2024 FDD · 1+ year old), Erbert & Gerbert'S Subs & Clubs reported 60 franchised outlets at year end. 7 of 65 franchised outlets open at the start of the year left the system (exit rate 10.8%, fiscal 2023), while 2 new outlets opened. Systemwide units moved -11.1% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 76 | 72 | 68 |
| Opened | 2 | 3 | 2 |
| Transfers | 2 | 11 | 4 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 1 | 3 | 0 |
| Reacquired by franchisor | 1 | 0 | 0 |
| Ceased — other reasons | 7 | 4 | 7 |
| Outlets at end | 72 | 68 | 64 |
| Net change | -4 | -4 | -4 |
0 terminations + 0 non-renewals + 7 ceased (other) = 7 exits ÷ 65 at start = 10.8%
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 (4) 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.
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