FDD ITEM 20 · FISCAL 2023–2025
On the Hook Fish and Chips Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), On the Hook Fish and Chips reported 5 franchised outlets at year end. 0 of 3 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.0%— while 3 new outlets opened. Systemwide units moved +66.7% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 6 | 6 | 9 |
| Opened | 0 | 3 | 3 |
| Transfers | 0 | 0 | 1 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 1 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 6 | 9 | 10 |
| Net change | 0 | +3 | +1 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 3 at start = 0.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (1) are resales, not exits; reacquisitions by the franchisor (1) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| ID | 1 | — |
| MT | 1 | — |
| NE | 1 | 0 |
| UT | 1 | 0 |
| WA | 1 | — |
| CO | 0 | 1 |
| IA | 0 | 1 |
| MO | 0 | 1 |
| TX | 0 | 1 |
| WY | 0 | 1 |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing On the Hook Fish and Chips's numbers, including talking you out of a bad deal.
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