FDD ITEM 20 · FISCAL 2022–2024
Snelling Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), Snelling reported 76 franchised outlets at year end. 5 of 78 franchised outlets open at the start of the year left the system — an annualized exit rate of 6.4%— while 3 new outlets opened. Systemwide units moved 0.0% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 68 | 77 | 79 |
| Opened | 8 | 4 | 3 |
| Transfers | 4 | 8 | 2 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 2 | 5 |
| Outlets at end | 77 | 79 | 77 |
| Net change | +9 | +2 | -2 |
0 terminations + 0 non-renewals + 5 ceased (other) = 5 exits ÷ 78 at start = 6.4%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (2) 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.
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