FDD ITEM 20 · FISCAL 2021–2025
Smalls Sliders Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Smalls Sliders reported 43 franchised outlets at year end. 0 of 19 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.0%— while 24 new outlets opened. Systemwide units moved +2150.0% over 2021–2025.
| Status (FTC) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Outlets at start | 1 | 2 | 6 | 11 | 21 |
| Opened | 0 | 4 | 5 | 10 | 24 |
| Transfers | 0 | 0 | 0 | 2 | 0 |
| Terminations | 0 | 0 | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 | 0 |
| Outlets at end | 2 | 6 | 11 | 21 | 45 |
| Net change | +1 | +4 | +5 | +10 | +24 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 19 at start = 0.0%
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 |
|---|---|---|
| LA | 17 | 2 |
| TX | 7 | — |
| FL | 6 | — |
| MO | 4 | — |
| KS | 2 | — |
| MS | 2 | — |
| AL | 1 | — |
| AR | 1 | — |
| GA | 1 | — |
| OK | 1 | — |
| SC | 1 | 0 |
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