FDD ITEM 20 · FISCAL 2023–2025
MAJESTIC RESIDENCES Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), MAJESTIC RESIDENCES reported 32 franchised outlets at year end. 0 of 17 franchised outlets open at the start of the year left the system (exit rate 0.0%, fiscal 2025), while 16 new outlets opened. Systemwide units moved 10 → 32 units over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 7 | 10 | 17 |
| Opened | 5 | 7 | 16 |
| Transfers | 4 | 4 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 2 | 0 | 0 |
| Outlets at end | 10 | 17 | 32 |
| Net change | +3 | +7 | +15 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 17 at start = 0.0%
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 (0) 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 |
|---|---|---|
| NC | 17 | 0 |
| AZ | 7 | 0 |
| WI | 3 | 0 |
| FL | 1 | 0 |
| MI | 1 | 0 |
| OR | 1 | 0 |
| TN | 1 | 0 |
| TX | 1 | 0 |
| IN | 0 | 0 |
The MAJESTIC RESIDENCES validation checklist
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