FDD ITEM 20 · FISCAL 2023–2025
SQUEEGEE SQUAD Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), SQUEEGEE SQUAD reported 83 franchised outlets at year end. 2 of 70 franchised outlets open at the start of the year left the system (exit rate 2.9%, fiscal 2025), while 15 new outlets opened. Systemwide units moved +37.7% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 51 | 61 | 73 |
| Opened | 12 | 14 | 15 |
| Transfers | 1 | 1 | 4 |
| Terminations | 1 | 3 | 2 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 1 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 61 | 73 | 84 |
| Net change | +10 | +12 | +11 |
2 terminations + 0 non-renewals + 0 ceased (other) = 2 exits ÷ 70 at start = 2.9%
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 (4) 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 |
|---|---|---|
| FL | 13 | 0 |
| TX | 9 | — |
| GA | 5 | — |
| IL | 5 | — |
| MN | 4 | 1 |
| MO | 4 | — |
| AL | 3 | — |
| AZ | 3 | — |
| KS | 3 | — |
| KY | 3 | — |
| WI | 3 | — |
| CO | 2 | — |
| LA | 2 | — |
| NC | 2 | — |
| OH | 2 | — |
| OK | 2 | — |
| SC | 2 | — |
| TN | 2 | — |
| AR | 1 | — |
| CA | 1 | — |
| DC | 1 | — |
| IA | 1 | 0 |
| IN | 1 | — |
| ME | 1 | — |
| MI | 1 | — |
| ND | 1 | — |
| NE | 1 | — |
| NJ | 1 | — |
| PA | 1 | — |
| SD | 1 | — |
| VA | 1 | — |
| WA | 1 | — |
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