FDD ITEM 20 · FISCAL 2023–2025
PRIMROSE SCHOOLS Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), PRIMROSE SCHOOLS reported 557 franchised outlets at year end. 4 of 525 franchised outlets open at the start of the year left the system (exit rate 0.8%, fiscal 2025), while 36 new outlets opened. Systemwide units moved +10.3% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 483 | 505 | 525 |
| Opened | 23 | 21 | 36 |
| Transfers | 17 | 30 | 21 |
| Terminations | 0 | 0 | 1 |
| Non-renewals | 0 | 0 | 1 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 1 | 1 | 2 |
| Outlets at end | 505 | 525 | 557 |
| Net change | +22 | +20 | +32 |
1 terminations + 1 non-renewals + 2 ceased (other) = 4 exits ÷ 525 at start = 0.8%
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 (21) 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 |
|---|---|---|
| TX | 142 | 0 |
| GA | 50 | 0 |
| OH | 41 | 0 |
| FL | 35 | 0 |
| CO | 32 | 0 |
| NC | 26 | 0 |
| MN | 22 | 0 |
| VA | 22 | 0 |
| TN | 19 | 0 |
| NJ | 16 | 0 |
| AZ | 13 | 0 |
| IN | 12 | 0 |
| MA | 12 | 0 |
| OK | 11 | 0 |
| KS | 10 | 0 |
| CA | 9 | 0 |
| IL | 9 | 0 |
| PA | 9 | 0 |
| MD | 7 | 0 |
| MO | 7 | 0 |
| NE | 7 | 0 |
| AL | 6 | 0 |
| SC | 6 | 0 |
| MI | 5 | 0 |
| NV | 5 | 0 |
| WA | 4 | 0 |
| IA | 3 | 0 |
| NY | 3 | 0 |
| AR | 2 | 0 |
| ID | 2 | 0 |
| KY | 2 | 0 |
| NH | 2 | 0 |
| WI | 2 | 0 |
| DC | 1 | 0 |
| OR | 1 | 0 |
| SD | 1 | 0 |
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