FDD ITEM 20 · FISCAL 2023–2025
Midtown Chimney Sweeps Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Midtown Chimney Sweeps reported 31 franchised outlets at year end. 6 of 39 franchised outlets open at the start of the year left the system (exit rate 15.4%, fiscal 2025), while 0 new outlets opened. Systemwide units moved -13.9% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 34 | 36 | 39 |
| Opened | 2 | 3 | 0 |
| Transfers | 1 | 0 | 2 |
| Terminations | 0 | 0 | 4 |
| Non-renewals | 0 | 0 | 2 |
| Reacquired by franchisor | 0 | 0 | 2 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 36 | 39 | 31 |
| Net change | +2 | +3 | -8 |
4 terminations + 2 non-renewals + 0 ceased (other) = 6 exits ÷ 39 at start = 15.4%
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 (2) are resales, not exits; reacquisitions by the franchisor (2) 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 |
|---|---|---|
| CO | 12 | 0 |
| PA | 5 | — |
| IA | 4 | — |
| NJ | 3 | — |
| NC | 2 | — |
| NE | 2 | — |
| WA | 2 | — |
| MN | 1 | 0 |
| CA | 0 | — |
| MI | 0 | — |
| OH | 0 | — |
| UT | 0 | — |
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