FDD ITEM 20 · FISCAL 2022–2024
REAL PRODUCERS Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2024, from the 2024 FDD · 1+ year old), REAL PRODUCERS reported 137 franchised outlets at year end. 26 of 131 franchised outlets open at the start of the year left the system (exit rate 19.8%, fiscal 2024), while 33 new outlets opened. Systemwide units moved +15.0% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 109 | 120 | 131 |
| Opened | 120 | 29 | 33 |
| Transfers | 9 | 6 | 7 |
| Terminations | 5 | 2 | 3 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 1 |
| Ceased — other reasons | 104 | 16 | 23 |
| Outlets at end | 120 | 131 | 138 |
| Net change | +11 | +11 | +7 |
3 terminations + 0 non-renewals + 23 ceased (other) = 26 exits ÷ 131 at start = 19.8%
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 (7) are resales, not exits; reacquisitions by the franchisor (1) 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.
The REAL PRODUCERS validation checklist
questions built from this brand's own filings · read them all on the profile
Want this as a checklist you can take to the calls?
I'll email you the printable version, and tell you if REAL PRODUCERS’ numbers move — a new filing, a rising exit rate, a distress signal. Unsubscribe in one click.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing REAL PRODUCERS’ numbers, including talking you out of a bad deal.