FDD ITEM 20 · FISCAL 2021–2023
FUZZY'S TACO SHOP Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), FUZZY'S TACO SHOP reported 131 franchised outlets at year end. 9 of 134 franchised outlets open at the start of the year left the system — an annualized exit rate of 6.7%— while 4 new outlets opened. Systemwide units moved -3.6% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 140 | 137 | 137 |
| Opened | 5 | 7 | 4 |
| Transfers | 4 | 7 | 3 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 6 | 6 | 9 |
| Outlets at end | 137 | 137 | 132 |
| Net change | -3 | 0 | -5 |
0 terminations + 0 non-renewals + 9 ceased (other) = 9 exits ÷ 134 at start = 6.7%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (3) 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.
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