FRANCHISE·WATCH·DESK

FDD ITEM 20 · FISCAL 2019–2025

InXpress Item 20: outlets, exits & growth

In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), InXpress reported 53 franchised outlets at year end. 18 of 60 franchised outlets open at the start of the year left the system (exit rate 30.0%, fiscal 2025), while 11 new outlets opened. Systemwide units moved -29.9% over 2023–2025.

Item 20 · outlet status by yearas filed
Status (FTC)201920202021202320242025
Outlets at start9690109837761
Opened1529179711
Transfers86227911
Terminations145107147
Non-renewals000000
Reacquired by franchisor000000
Ceased — other reasons75228911
Outlets at end9010995776154
Net change-6+19-14-6-16-7
How the exit count is computedfiscal 2025

7 terminations + 0 non-renewals + 11 ceased (other) = 18 exits ÷ 60 at start = 30.0%

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 (11) 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.

Franchised outlets by state · fiscal 202133 states/territories
StateFranchisedCompany-owned
TX14—
CA11—
FL8—
AZ6—
CO6—
NY6—
UT61
NC5—
IL3—
MO3—
OH3—
TN3—
MN2—
PA2—
VA2—
WA2—
WI2—
DC1—
GA1—
IA1—
ID1—
IN1—
KY1—
MD1—
NH1—
NJ1—
NV1—
CT0—
HI0—
MA0—
OR0—
SC0—
VT0—

The InXpress validation checklist

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