FDD ITEM 20 · FISCAL 2014–2025
Frenchies Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Frenchies reported 26 franchised outlets at year end. 1 of 23 franchised outlets open at the start of the year left the system (exit rate 4.3%, fiscal 2025), while 4 new outlets opened. Systemwide units moved 24 → 26 units over 2023–2025.
| Status (FTC) | 2014 | 2015 | 2016 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Outlets at start | 0 | 1 | 1 | 23 | 24 | 24 |
| Opened | 0 | 0 | 2 | 1 | 0 | 4 |
| Transfers | 0 | 0 | 0 | 1 | 3 | 5 |
| Terminations | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 | 0 | 1 |
| Outlets at end | 1 | 1 | 3 | 24 | 24 | 26 |
| Net change | +1 | 0 | +2 | +1 | 0 | +2 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 23 at start = 4.3%
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 (5) 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 |
|---|---|---|
| CO | 5 | 0 |
| TX | 4 | — |
| GA | 3 | — |
| CA | 2 | — |
| MN | 2 | — |
| NC | 2 | — |
| OH | 2 | — |
| PA | 2 | — |
| FL | 1 | — |
| MO | 1 | — |
| OR | 1 | — |
| TN | 1 | — |
The Frenchies validation checklist
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