FDD ITEM 20 · FISCAL 2021–2023
LONG JOHN SILVER'S, LLC; LONG JOHN SILVER'S; Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), LONG JOHN SILVER'S, LLC; LONG JOHN SILVER'S; reported 382 franchised outlets at year end. 60 of 362 franchised outlets open at the start of the year left the system — an annualized exit rate of 16.6%— while 0 new outlets opened. Systemwide units moved -5.0% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 674 | 635 | 587 |
| Opened | 0 | 1 | 0 |
| Transfers | 22 | 15 | 24 |
| Terminations | 0 | 2 | 0 |
| Non-renewals | 0 | 1 | 14 |
| Reacquired by franchisor | 25 | 9 | 20 |
| Ceased — other reasons | 36 | 41 | 46 |
| Outlets at end | 635 | 587 | 603 |
| Net change | -39 | -48 | +16 |
0 terminations + 14 non-renewals + 46 ceased (other) = 60 exits ÷ 362 at start = 16.6%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (24) are resales, not exits; reacquisitions by the franchisor (20) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
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