FDD ITEM 20 · FISCAL 2023–2025
MENCHIE'S Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2025 FDD), MENCHIE'S reported 295 franchised outlets at year end. 7 of 294 franchised outlets open at the start of the year left the system (exit rate 2.4%, fiscal 2025), while 8 new outlets opened. Systemwide units moved 0.0% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 303 | 296 | 295 |
| Opened | 4 | 9 | 8 |
| Transfers | 22 | 34 | 15 |
| Terminations | 0 | 10 | 7 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 11 | 0 | 0 |
| Outlets at end | 296 | 295 | 296 |
| Net change | -7 | -1 | +1 |
7 terminations + 0 non-renewals + 0 ceased (other) = 7 exits ÷ 294 at start = 2.4%
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 (15) 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.
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