FDD ITEM 20 · FISCAL 2019–2022
PAUL DAVIS RESTORATION Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2022), PAUL DAVIS RESTORATION reported 224 franchised outlets at year end. 7 of 211 franchised outlets open at the start of the year left the system — an annualized exit rate of 3.3%— while 20 new outlets opened. Systemwide units moved +17.9% over 2019–2022.
| Status (FTC) | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|
| Outlets at start | 193 | 190 | 196 | 211 |
| Opened | 8 | 9 | 22 | 20 |
| Transfers | 5 | 2 | 9 | 20 |
| Terminations | 11 | 4 | 6 | 7 |
| Non-renewals | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 |
| Outlets at end | 190 | 196 | 212 | 224 |
| Net change | -3 | +6 | +16 | +13 |
7 terminations + 0 non-renewals + 0 ceased (other) = 7 exits ÷ 211 at start = 3.3%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (20) 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.
| State | Franchised | Company-owned |
|---|---|---|
| FL | 22 | 0 |
| FL | 22 | 0 |
| TX | 16 | 0 |
| TX | 16 | 0 |
| CA | 11 | 0 |
| CA | 11 | 0 |
| NY | 10 | 0 |
| NY | 10 | 0 |
| GA | 9 | 0 |
| GA | 9 | 0 |
| VA | 9 | 0 |
| VA | 9 | 0 |
| CO | 8 | 0 |
| CO | 8 | 0 |
| MI | 8 | 0 |
| MI | 8 | 0 |
| PA | 8 | 0 |
| PA | 8 | 0 |
| KY | 7 | 0 |
| KY | 7 | 0 |
| NC | 7 | 0 |
| NC | 7 | 0 |
| OH | 7 | 0 |
| OH | 7 | 0 |
| IL | 6 | 0 |
| IL | 6 | 0 |
| MD | 6 | 0 |
| MD | 6 | 0 |
| NJ | 6 | 0 |
| NJ | 6 | 0 |
| MO | 5 | 0 |
| MO | 5 | 0 |
| SC | 5 | 0 |
| SC | 5 | 0 |
| TN | 5 | 0 |
| TN | 5 | 0 |
| WA | 5 | 0 |
| WA | 5 | 0 |
| IN | 4 | 0 |
| IN | 4 | 0 |
| MA | 4 | 0 |
| MA | 4 | 0 |
| MN | 4 | 0 |
| MN | 4 | 0 |
| NE | 4 | 0 |
| NE | 4 | 0 |
| AZ | 3 | 0 |
| AZ | 3 | 0 |
| CT | 3 | 0 |
| CT | 3 | 0 |
| UT | 3 | 0 |
| UT | 3 | 0 |
| WI | 3 | 0 |
| WI | 3 | 0 |
| AL | 2 | 0 |
| AL | 2 | 0 |
| IA | 2 | 0 |
| IA | 2 | 0 |
| ID | 2 | 0 |
| ID | 2 | 0 |
| KS | 2 | 0 |
| KS | 2 | 0 |
| LA | 2 | 0 |
| LA | 2 | 0 |
| MS | 2 | 0 |
| MS | 2 | 0 |
| NM | 2 | 0 |
| NM | 2 | 0 |
| OK | 2 | 0 |
| OK | 2 | 0 |
| OR | 2 | 0 |
| OR | 2 | 0 |
| DE | 1 | 0 |
| DE | 1 | 0 |
| NH | 1 | 0 |
| NH | 1 | 0 |
| NV | 1 | 0 |
| NV | 1 | 0 |
| RI | 1 | 0 |
| RI | 1 | 0 |
| VT | 1 | 0 |
| VT | 1 | 0 |
| WV | 1 | 0 |
| WV | 1 | 0 |
| AK | 0 | 0 |
| AK | 0 | 0 |
| ME | 0 | 0 |
| ME | 0 | 0 |
| ND | 0 | 0 |
| ND | 0 | 0 |
The PAUL DAVIS RESTORATION validation checklist
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