FDD ITEM 20 · FISCAL 2023–2025
Slick City Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Slick City reported 5 franchised outlets at year end. 0 of 0 franchised outlets open at the start of the year left the system— while 5 new outlets opened. Systemwide units moved +733.3% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 2 | 3 | 9 |
| Opened | 0 | 0 | 5 |
| Transfers | 0 | 0 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 3 | 9 | 25 |
| Net change | +1 | +6 | +16 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits
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 |
|---|---|---|
| CO | 1 | 1 |
| IN | 1 | 0 |
| MN | 1 | 0 |
| ND | 1 | 0 |
| OH | 1 | 1 |
| AZ | 0 | 6 |
| IL | 0 | 2 |
| MO | 0 | 1 |
| OK | 0 | 2 |
| TX | 0 | 6 |
| WI | 0 | 1 |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Slick City's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →