FDD ITEM 20 · FISCAL 2021–2024
Shah's Halal Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2024, from the 2025 FDD), Shah's Halal reported 58 franchised outlets at year end. 1 of 39 franchised outlets open at the start of the year left the system (exit rate 2.6%, fiscal 2024), while 20 new outlets opened. Systemwide units moved 12 → 74 units over 2021–2024.
| Status (FTC) | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Outlets at start | 12 | 12 | 27 | 53 |
| Opened | 0 | 11 | 25 | 20 |
| Transfers | 0 | 0 | 2 | 2 |
| Terminations | 0 | 0 | 0 | 1 |
| Non-renewals | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 |
| Outlets at end | 12 | 27 | 53 | 74 |
| Net change | 0 | +15 | +26 | +21 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 39 at start = 2.6%
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.
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