FDD ITEM 20 · FISCAL 2018–2025
X-GOLF Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), X-GOLF reported 129 franchised outlets at year end. 4 of 121 franchised outlets open at the start of the year left the system (exit rate 3.3%, fiscal 2025), while 14 new outlets opened. Systemwide units moved +35.7% over 2023–2025.
| Status (FTC) | 2018 | 2019 | 2020 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Outlets at start | 9 | 11 | 20 | 70 | 98 | 123 |
| Opened | 5 | 9 | 5 | 28 | 24 | 14 |
| Transfers | 1 | 1 | 1 | 2 | 1 | 1 |
| Terminations | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 | 0 | 2 |
| Ceased — other reasons | 3 | 0 | 1 | 0 | 1 | 4 |
| Outlets at end | 11 | 20 | 24 | 98 | 123 | 133 |
| Net change | +2 | +9 | +4 | +28 | +25 | +10 |
0 terminations + 0 non-renewals + 4 ceased (other) = 4 exits ÷ 121 at start = 3.3%
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 (1) 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 |
|---|---|---|
| IL | 16 | — |
| MI | 15 | — |
| OH | 11 | — |
| MA | 8 | — |
| MN | 7 | — |
| WI | 7 | — |
| MO | 6 | — |
| MD | 5 | — |
| NY | 5 | — |
| CO | 4 | — |
| IA | 4 | — |
| TN | 4 | — |
| TX | 4 | — |
| VA | 4 | — |
| IN | 3 | — |
| PA | 3 | — |
| FL | 2 | — |
| NC | 2 | — |
| ND | 2 | — |
| RI | 2 | — |
| AL | 1 | — |
| AZ | 1 | — |
| CA | 1 | — |
| CT | 1 | — |
| GA | 1 | — |
| ID | 1 | — |
| KS | 1 | — |
| ME | 1 | — |
| NE | 1 | — |
| NH | 1 | — |
| NV | 1 | — |
| OR | 1 | — |
| SC | 1 | — |
| SD | 1 | — |
| UT | 1 | — |
| DC | 0 | 1 |
| NJ | 0 | 1 |
| WA | 0 | 2 |
The X-GOLF validation checklist
questions built from this brand's own filings · read them all on the profile
Want this as a checklist you can take to the calls?
I'll email you the printable version, and tell you if X-GOLF’s numbers move — a new filing, a rising exit rate, a distress signal. Unsubscribe in one click.
A broker is usually paid by the franchisor to place you. I'm paid only by you, never by a franchisor you're considering — and the job is pressure-testing X-GOLF’s numbers, including talking you out of a bad deal.