FDD ITEM 20 · FISCAL 2014–2016
Fyzical Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2016), Fyzical reported 159 franchised outlets at year end. 9 of 121 franchised outlets open at the start of the year left the system — an annualized exit rate of 7.4%— while 47 new outlets opened. Systemwide units moved +356.4% over 2014–2016.
| Status (FTC) | 2014 | 2015 | 2016 |
|---|---|---|---|
| Outlets at start | 11 | 39 | 138 |
| Opened | 19 | 96 | 47 |
| Transfers | 0 | 0 | 0 |
| Terminations | 1 | 4 | 8 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 1 |
| Outlets at end | 39 | 138 | 178 |
| Net change | +28 | +99 | +40 |
8 terminations + 0 non-renewals + 1 ceased (other) = 9 exits ÷ 121 at start = 7.4%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) 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.
| State | Franchised | Company-owned |
|---|---|---|
| FL | 26 | 15 |
| IL | 16 | — |
| CA | 12 | — |
| NE | 10 | — |
| TX | 8 | — |
| LA | 7 | — |
| GA | 6 | — |
| NY | 6 | — |
| UT | 6 | — |
| NC | 5 | — |
| PA | 5 | — |
| IN | 4 | — |
| MD | 4 | — |
| MI | 4 | — |
| MO | 4 | — |
| NJ | 4 | — |
| SD | 4 | — |
| MA | 3 | — |
| WA | 3 | — |
| AZ | 2 | — |
| CO | 2 | — |
| CT | 2 | — |
| OH | 2 | — |
| OK | 2 | — |
| SC | 2 | — |
| TN | 2 | — |
| WI | 2 | — |
| WY | 2 | — |
| AR | 1 | — |
| IA | 1 | — |
| KY | 1 | — |
| MN | 1 | — |
| AL | 0 | — |
| NV | 0 | 4 |
| VA | 0 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Fyzical's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →