FDD ITEM 20 · FISCAL 2021–2023
FARRELL'S EXTREME BODYSHAPING Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), FARRELL'S EXTREME BODYSHAPING reported 46 franchised outlets at year end. 5 of 50 franchised outlets open at the start of the year left the system — an annualized exit rate of 10.0%— while 1 new outlets opened. Systemwide units moved -16.1% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 56 | 56 | 52 |
| Opened | 1 | 1 | 1 |
| Transfers | 7 | 4 | 4 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 1 | 5 | 5 |
| Outlets at end | 56 | 52 | 47 |
| Net change | 0 | -4 | -5 |
0 terminations + 0 non-renewals + 5 ceased (other) = 5 exits ÷ 50 at start = 10.0%
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.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing FARRELL'S EXTREME BODYSHAPING's numbers, including talking you out of a bad deal.
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