FDD ITEM 20 · FISCAL 2023–2025
Perspire Sauna Studio Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Perspire Sauna Studio reported 92 franchised outlets at year end. 1 of 65 franchised outlets open at the start of the year left the system (exit rate 1.5%, fiscal 2025), while 28 new outlets opened. Systemwide units moved +86.3% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 30 | 51 | 71 |
| Opened | 21 | 22 | 28 |
| Transfers | 2 | 2 | 2 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 2 | 0 |
| Reacquired by franchisor | 2 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 1 |
| Outlets at end | 51 | 71 | 95 |
| Net change | +21 | +20 | +24 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 65 at start = 1.5%
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 (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.
| State | Franchised | Company-owned |
|---|---|---|
| CA | 21 | 1 |
| TX | 12 | — |
| GA | 7 | — |
| AZ | 6 | — |
| CO | 6 | — |
| FL | 6 | 2 |
| IL | 4 | — |
| IA | 3 | — |
| MI | 3 | — |
| ID | 2 | — |
| IN | 2 | — |
| KS | 2 | — |
| MN | 2 | — |
| NC | 2 | — |
| NE | 2 | — |
| NJ | 2 | — |
| NV | 2 | — |
| NY | 2 | — |
| UT | 2 | — |
| OH | 1 | — |
| OK | 1 | — |
| VA | 1 | — |
| WI | 1 | — |
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