FDD ITEM 20 · FISCAL 2023–2025
HOUNDS TOWN USA Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), HOUNDS TOWN USA reported 96 franchised outlets at year end. 2 of 76 franchised outlets open at the start of the year left the system — an annualized exit rate of 2.6%— while 22 new outlets opened. Systemwide units moved +76.4% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 38 | 55 | 77 |
| Opened | 17 | 24 | 22 |
| Transfers | 0 | 2 | 0 |
| Terminations | 0 | 2 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 2 |
| Outlets at end | 55 | 77 | 97 |
| Net change | +17 | +22 | +20 |
0 terminations + 0 non-renewals + 2 ceased (other) = 2 exits ÷ 76 at start = 2.6%
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 | 15 | — |
| NY | 10 | 1 |
| TX | 10 | — |
| NC | 7 | — |
| PA | 7 | — |
| NJ | 6 | — |
| GA | 5 | — |
| OH | 5 | — |
| TN | 4 | — |
| AZ | 3 | — |
| CO | 3 | — |
| MD | 3 | — |
| NV | 3 | — |
| IL | 2 | — |
| MI | 2 | — |
| MO | 2 | — |
| VA | 2 | — |
| AL | 1 | — |
| CT | 1 | — |
| ID | 1 | — |
| KY | 1 | — |
| LA | 1 | — |
| SC | 1 | — |
| WI | 1 | — |
The HOUNDS TOWN USA validation checklist
questions built from this brand's own filings · read them all on the profile
Want this as a checklist you can take to the calls?
I'll email you the printable version, and tell you if HOUNDS TOWN USA’s numbers move — a new filing, a rising exit rate, a distress signal. Unsubscribe in one click.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing HOUNDS TOWN USA's numbers, including talking you out of a bad deal.