FDD ITEM 20 · FISCAL 2023–2025
That 1 Painter Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), That 1 Painter reported 315 franchised outlets at year end. 28 of 271 franchised outlets open at the start of the year left the system (exit rate 10.3%, fiscal 2025), while 73 new outlets opened. Systemwide units moved +336.5% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 32 | 74 | 277 |
| Opened | 42 | 213 | 73 |
| Transfers | 9 | 9 | 52 |
| Terminations | 0 | 1 | 12 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 7 | 1 | 2 |
| Ceased — other reasons | 1 | 2 | 16 |
| Outlets at end | 74 | 277 | 323 |
| Net change | +42 | +203 | +46 |
12 terminations + 0 non-renewals + 16 ceased (other) = 28 exits ÷ 271 at start = 10.3%
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 (52) are resales, not exits; reacquisitions by the franchisor (2) 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 | 44 | 8 |
| FL | 28 | — |
| CO | 18 | — |
| NJ | 16 | — |
| PA | 16 | — |
| OH | 15 | — |
| AZ | 14 | — |
| MN | 14 | — |
| NC | 14 | — |
| VA | 14 | — |
| MA | 11 | — |
| OR | 10 | — |
| CA | 9 | — |
| MI | 9 | — |
| GA | 7 | — |
| TN | 7 | — |
| KS | 5 | — |
| LA | 5 | — |
| NE | 5 | — |
| SC | 5 | — |
| UT | 5 | — |
| IA | 4 | — |
| IN | 4 | — |
| KY | 4 | — |
| NH | 4 | — |
| AR | 3 | — |
| DE | 3 | — |
| IL | 3 | — |
| ME | 3 | — |
| OK | 3 | — |
| WA | 3 | — |
| CT | 2 | — |
| ID | 2 | — |
| MD | 2 | — |
| MO | 2 | — |
| NY | 2 | — |
| MS | 0 | — |
| NV | 0 | — |
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