FDD ITEM 20 · FISCAL 2023–2025
FITNESS MACHINE TECHNICIANS FMT Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), FITNESS MACHINE TECHNICIANS FMT reported 134 franchised outlets at year end. 4 of 132 franchised outlets open at the start of the year left the system (exit rate 3.0%, fiscal 2025), while 5 new outlets opened. Systemwide units moved +12.8% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 106 | 125 | 140 |
| Opened | 19 | 17 | 5 |
| Transfers | 3 | 14 | 4 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 2 | 4 |
| Outlets at end | 125 | 140 | 141 |
| Net change | +19 | +15 | +1 |
0 terminations + 0 non-renewals + 4 ceased (other) = 4 exits ÷ 132 at start = 3.0%
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.
| State | Franchised | Company-owned |
|---|---|---|
| CA | 16 | — |
| FL | 13 | — |
| PA | 11 | 7 |
| TX | 11 | — |
| NY | 7 | — |
| NJ | 6 | — |
| OH | 6 | — |
| IN | 5 | — |
| VA | 5 | — |
| CO | 4 | — |
| GA | 4 | — |
| IL | 4 | — |
| MA | 4 | — |
| MI | 4 | — |
| NC | 4 | — |
| AZ | 3 | — |
| MD | 3 | — |
| SC | 3 | — |
| UT | 3 | — |
| WA | 3 | — |
| KS | 2 | — |
| KY | 2 | — |
| MN | 2 | — |
| MO | 2 | — |
| NE | 2 | 0 |
| NV | 2 | — |
| TN | 2 | — |
| WI | 2 | — |
| CT | 1 | — |
| DE | 1 | — |
| IA | 1 | — |
| ID | 1 | — |
| NM | 1 | — |
| OR | 1 | — |
The FITNESS MACHINE TECHNICIANS FMT validation checklist
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