FDD ITEM 20 · FISCAL 2017–2019
Teriyaki Madness Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2019), Teriyaki Madness reported 60 franchised outlets at year end. 5 of 42 franchised outlets open at the start of the year left the system — an annualized exit rate of 11.9%— while 24 new outlets opened. Systemwide units moved +47.6% over 2017–2019.
| Status (FTC) | 2017 | 2018 | 2019 |
|---|---|---|---|
| Outlets at start | 35 | 42 | 44 |
| Opened | 15 | 12 | 24 |
| Transfers | 3 | 1 | 2 |
| Terminations | 3 | 9 | 3 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 1 | 1 |
| Ceased — other reasons | 4 | 1 | 2 |
| Outlets at end | 42 | 44 | 62 |
| Net change | +7 | +2 | +18 |
3 terminations + 0 non-renewals + 2 ceased (other) = 5 exits ÷ 42 at start = 11.9%
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 (1) are tracked separately. There is no official “failure rate” — this annualized exit rate is the disclosed, measurable floor.
| State | Franchised | Company-owned |
|---|---|---|
| NV | 18 | — |
| CA | 7 | — |
| TX | 6 | 0 |
| AZ | 3 | — |
| FL | 3 | 0 |
| MI | 3 | — |
| CO | 2 | 1 |
| IA | 2 | — |
| NC | 2 | — |
| OR | 2 | — |
| TN | 2 | — |
| AL | 1 | — |
| IL | 1 | — |
| MN | 1 | — |
| MT | 1 | — |
| NJ | 1 | — |
| OK | 1 | — |
| PA | 1 | — |
| SD | 1 | — |
| UT | 1 | — |
| VA | 1 | 1 |
| GA | 0 | — |
| IN | 0 | — |
| MD | 0 | — |
| NE | 0 | 0 |
| NY | 0 | — |
| OH | 0 | — |
| SC | 0 | — |
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