FDD ITEM 20 · FISCAL 2024
VARSITY ZONE Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2024, from the 2025 FDD), VARSITY ZONE reported 6 franchised outlets at year end. 0 of 6 franchised outlets open at the start of the year left the system (exit rate 0.0%, fiscal 2024), while 0 new outlets opened.
| Status (FTC) | 2024 |
|---|---|
| Outlets at start | 6 |
| Opened | 0 |
| Transfers | 0 |
| Terminations | 0 |
| Non-renewals | 0 |
| Reacquired by franchisor | 0 |
| Ceased — other reasons | 0 |
| Outlets at end | 6 |
| Net change | 0 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 6 at start = 0.0%
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 (0) 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 | 6 | — |
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