FDD ITEM 20 · FISCAL 2021–2025
SNAPOLOGY Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), SNAPOLOGY reported 129 franchised outlets at year end. 5 of 120 franchised outlets open at the start of the year left the system (exit rate 4.2%, fiscal 2025), while 14 new outlets opened. Systemwide units moved +83.1% over 2021–2025.
| Status (FTC) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Outlets at start | 76 | 71 | 88 | 105 | 121 |
| Opened | 10 | 19 | 27 | 32 | 14 |
| Transfers | 0 | 0 | 5 | 2 | 8 |
| Terminations | 3 | 1 | 1 | 1 | 1 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 11 | 3 | 6 | 14 | 4 |
| Outlets at end | 71 | 88 | 105 | 121 | 130 |
| Net change | -5 | +17 | +17 | +16 | +9 |
1 terminations + 0 non-renewals + 4 ceased (other) = 5 exits ÷ 120 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 (8) 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.
| State | Franchised | Company-owned |
|---|---|---|
| TX | 16 | 1 |
| CA | 13 | — |
| FL | 10 | — |
| VA | 9 | — |
| NC | 8 | — |
| MA | 7 | — |
| NJ | 7 | — |
| GA | 6 | — |
| PA | 6 | 0 |
| NY | 5 | — |
| OH | 5 | — |
| WA | 5 | — |
| MD | 4 | — |
| IL | 3 | — |
| UT | 3 | — |
| AL | 2 | — |
| CO | 2 | — |
| CT | 2 | — |
| ID | 2 | — |
| KS | 2 | — |
| MN | 2 | — |
| NE | 2 | — |
| OR | 2 | — |
| AZ | 1 | — |
| DE | 1 | — |
| MT | 1 | — |
| NH | 1 | — |
| RI | 1 | — |
| SC | 1 | — |
| IA | 0 | — |
| IN | 0 | — |
| MI | 0 | — |
| OK | 0 | — |
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