FDD ITEM 20 · FISCAL 2022–2024
GYU-KAKU Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), GYU-KAKU reported 28 franchised outlets at year end. 1 of 32 franchised outlets open at the start of the year left the system — an annualized exit rate of 3.1%— while 0 new outlets opened. Systemwide units moved -3.2% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 60 | 62 | 65 |
| Opened | 0 | 4 | 0 |
| Transfers | 0 | 1 | 1 |
| Terminations | 1 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 3 |
| Ceased — other reasons | 0 | 0 | 1 |
| Outlets at end | 62 | 65 | 60 |
| Net change | +2 | +3 | -5 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 32 at start = 3.1%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (1) are resales, not exits; reacquisitions by the franchisor (3) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
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