FRANCHISE·WATCH·DESK

FDD ITEM 20 · FISCAL 2020–2025

SIT STILL Item 20: outlets, exits & growth

In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), SIT STILL reported 30 franchised outlets at year end. 1 of 24 franchised outlets open at the start of the year left the system (exit rate 4.2%, fiscal 2025), while 7 new outlets opened. Systemwide units moved 3 → 30 units over 2020–2025.

Item 20 · outlet status by yearas filed
Status (FTC)202020212022202320242025
Outlets at start23481724
Opened1141177
Transfers000000
Terminations000000
Non-renewals000000
Reacquired by franchisor100000
Ceased — other reasons000001
Outlets at end348172430
Net change+1+1+4+9+7+6
How the exit count is computedfiscal 2025

0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 24 at start = 4.2%

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 (0) 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.

Franchised outlets by state · fiscal 202515 states/territories
StateFranchisedCompany-owned
OR40
AZ3—
NY3—
OH3—
TX3—
ID2—
KY2—
TN2—
WA2—
FL1—
GA1—
IN1—
OK1—
RI1—
WI1—

The SIT STILL validation checklist

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