FDD ITEM 20 · FISCAL 2017–2019
Learning Express Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2019, from the 2020 FDD · 5+ years old), Learning Express reported 101 franchised outlets at year end. 10 of 109 franchised outlets open at the start of the year left the system (exit rate 9.2%, fiscal 2019), while 2 new outlets opened. Systemwide units moved -9.6% over 2017–2019.
| Status (FTC) | 2017 | 2018 | 2019 |
|---|---|---|---|
| Outlets at start | 121 | 114 | 111 |
| Opened | 4 | 5 | 2 |
| Transfers | 6 | 2 | 3 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 1 | 0 | 0 |
| Ceased — other reasons | 11 | 8 | 10 |
| Outlets at end | 114 | 111 | 103 |
| Net change | -7 | -3 | -8 |
0 terminations + 0 non-renewals + 10 ceased (other) = 10 exits ÷ 109 at start = 9.2%
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 (3) 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.
| State | Franchised | Company-owned |
|---|---|---|
| TX | 11 | — |
| PA | 10 | — |
| FL | 9 | — |
| MA | 9 | 2 |
| NJ | 8 | — |
| OH | 8 | — |
| IL | 7 | — |
| CA | 5 | — |
| NC | 5 | — |
| GA | 4 | — |
| LA | 3 | — |
| NY | 3 | — |
| TN | 3 | — |
| AL | 2 | — |
| KY | 2 | — |
| NE | 2 | — |
| CO | 1 | — |
| CT | 1 | — |
| MI | 1 | — |
| NM | 1 | — |
| NV | 1 | — |
| OK | 1 | — |
| OR | 1 | — |
| SC | 1 | — |
| WA | 1 | — |
| WI | 1 | — |
| DE | 0 | — |
| UT | 0 | — |
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