FDD ITEM 20 · FISCAL 2023–2025
Stand Strong Fencing Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Stand Strong Fencing reported 207 franchised outlets at year end. 9 of 122 franchised outlets open at the start of the year left the system (exit rate 7.4%, fiscal 2025), while 94 new outlets opened. Systemwide units moved 10 → 207 units over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 0 | 10 | 122 |
| Opened | 10 | 112 | 94 |
| Transfers | 0 | 5 | 36 |
| Terminations | 0 | 0 | 9 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 10 | 122 | 207 |
| Net change | +10 | +112 | +85 |
9 terminations + 0 non-renewals + 0 ceased (other) = 9 exits ÷ 122 at start = 7.4%
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 (36) 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 | 60 | 0 |
| FL | 26 | 0 |
| NC | 19 | 0 |
| CO | 12 | 0 |
| UT | 12 | 0 |
| TN | 10 | 0 |
| GA | 9 | 0 |
| OH | 8 | 0 |
| IN | 7 | 0 |
| NE | 6 | 0 |
| SC | 6 | 0 |
| MN | 5 | 0 |
| ID | 4 | 0 |
| NJ | 4 | 0 |
| KS | 3 | 0 |
| MO | 3 | 0 |
| OK | 3 | 0 |
| PA | 3 | 0 |
| VA | 3 | 0 |
| AR | 2 | 0 |
| IA | 2 | 0 |
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