FDD ITEM 20 · FISCAL 2022–2025
Project LeanNation Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Project LeanNation reported 33 franchised outlets at year end. 3 of 28 franchised outlets open at the start of the year left the system — an annualized exit rate of 10.7%— while 8 new outlets opened. Systemwide units moved +325.0% over 2022–2025.
| Status (FTC) | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Outlets at start | 6 | 8 | 22 | 29 |
| Opened | 2 | 14 | 8 | 8 |
| Transfers | 0 | 0 | 2 | 0 |
| Terminations | 0 | 0 | 0 | 2 |
| Non-renewals | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 1 | 1 |
| Outlets at end | 8 | 22 | 29 | 34 |
| Net change | +2 | +14 | +7 | +5 |
2 terminations + 0 non-renewals + 1 ceased (other) = 3 exits ÷ 28 at start = 10.7%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) 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 |
|---|---|---|
| NC | 7 | — |
| GA | 4 | — |
| NY | 4 | 1 |
| TX | 4 | — |
| SC | 3 | — |
| IN | 2 | — |
| AL | 1 | — |
| AR | 1 | — |
| IA | 1 | — |
| ID | 1 | — |
| MO | 1 | — |
| NJ | 1 | — |
| VA | 1 | — |
| WV | 1 | — |
| AZ | 0 | — |
| DE | 0 | — |
| FL | 0 | — |
| KY | 0 | — |
| MA | 0 | — |
| OH | 0 | — |
| TN | 0 | — |
The Project LeanNation validation checklist
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