FDD ITEM 20 · FISCAL 2021–2023
MIGHTY DOG ROOFING Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), MIGHTY DOG ROOFING reported 103 franchised outlets at year end. 5 of 64 franchised outlets open at the start of the year left the system — an annualized exit rate of 7.8%— while 44 new outlets opened. Systemwide units moved +296.2% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 2 | 26 | 65 |
| Opened | 25 | 39 | 44 |
| Transfers | 0 | 2 | 7 |
| Terminations | 0 | 0 | 5 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 26 | 65 | 103 |
| Net change | +24 | +39 | +38 |
5 terminations + 0 non-renewals + 0 ceased (other) = 5 exits ÷ 64 at start = 7.8%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (7) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
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