FDD ITEM 20 · FISCAL 2023–2025
Keke's Breakfast Cafe Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Keke's Breakfast Cafe reported 58 franchised outlets at year end. 5 of 55 franchised outlets open at the start of the year left the system (exit rate 9.1%, fiscal 2025), while 11 new outlets opened. Systemwide units moved +43.9% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 53 | 57 | 69 |
| Opened | 4 | 7 | 11 |
| Transfers | 1 | 2 | 0 |
| Terminations | 0 | 0 | 2 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 3 |
| Ceased — other reasons | 0 | 1 | 3 |
| Outlets at end | 57 | 69 | 82 |
| Net change | +4 | +12 | +13 |
2 terminations + 0 non-renewals + 3 ceased (other) = 5 exits ÷ 55 at start = 9.1%
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 (0) are resales, not exits; reacquisitions by the franchisor (3) 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.
| State | Franchised | Company-owned |
|---|---|---|
| FL | 51 | 11 |
| CA | 2 | — |
| GA | 2 | — |
| NV | 2 | — |
| CO | 1 | — |
| TN | 0 | 6 |
| TX | 0 | 7 |
The Keke's Breakfast Cafe validation checklist
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