FDD ITEM 20 · FISCAL 2022–2024
TIDE CLEANERS Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), TIDE CLEANERS reported 246 franchised outlets at year end. 3 of 223 franchised outlets open at the start of the year left the system — an annualized exit rate of 1.3%— while 26 new outlets opened. Systemwide units moved +8.4% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 214 | 227 | 232 |
| Opened | 14 | 12 | 26 |
| Transfers | 0 | 3 | 4 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 1 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 1 | 3 | 2 |
| Outlets at end | 227 | 232 | 246 |
| Net change | +13 | +5 | +14 |
0 terminations + 1 non-renewals + 2 ceased (other) = 3 exits ÷ 223 at start = 1.3%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (4) 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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