FRANCHISE·WATCH·DESK

RANKED · 365 BRANDS QUALIFY · FDD FILINGS 2024–2026 · NONE OLDER THAN TWO YEARS

Which franchises closed the most outlets in their latest FDD?

Ranked by the NUMBER of franchised outlets that left the system in the latest fiscal year — terminations, non-renewals and "ceased operations — other reasons" — as each franchisor reported them in Item 20 of its latest FDD. Big systems lead this list because they are big; read it with the exit-rate list, which adjusts for size.

Ratings, verdicts, scores and rankings on this site are opinions produced by a published method from public filings and loan records, much of it machine-extracted. They are not statements of fact about any company's financial condition, solvency or prospects, not a recommendation to buy, avoid or invest in any franchise, and not investment, legal or tax advice. How the method works.

Top 50Outlets exited · Item 20
#BrandSectorOutlets exited · Item 20Franchised unitsSource
1SubwayFood & Dining1,076 (5.5%)18,7732026 FDD ↗
2HEALTH MARTHealth & Wellness815 (18.8%)3,9072026 FDD ↗
3JANI-KINGCleaning & Restoration399 (8.2%)4,7312026 FDD ↗
4JAZZERCISEFitness398 (7.6%)5,0922026 FDD ↗
5Stroll, GreetBusiness Services328 (59.9%)5462024 FDD · 1+ year old ↗
6ZENSHIFood & Dining292 (13.2%)3,5722025 FDD ↗
7ADVANCED FRESH CONCEPTSFood & Dining271 (6.7%)1,8572024 FDD · 1+ year old ↗
8RE/MAXReal Estate266 (8.4%)2,9942026 FDD ↗
9ANAGO OF MINNEAPOLISCleaning & Restoration244 (13.5%)1,8682026 FDD ↗
10Good Neighbor PharmacyHealth & Wellness211 (9.2%)2,2862024 FDD · 1+ year old ↗
11CRUISE PLANNERSRecreation & Entertainment209 (6.9%)3,1242026 FDD ↗
12Ameriprise Financial ServicesBusiness Services179 (4.3%)4,0032024 FDD · 1+ year old ↗
13SMARTSTYLEBeauty & Personal Care171 (15.9%)9112025 FDD ↗
14Ace Sushi (Traditional)Food & Dining166 (32.9%)5412026 FDD ↗
15HOMEVESTORSReal Estate153 (15.6%)8622026 FDD ↗
16JACKSON HEWITT TAX SERVICEBusiness Services139 (4.5%)2,9812024 FDD · 1+ year old ↗
17SUPERCUTSBeauty & Personal Care137 (7.1%)1,7012025 FDD ↗
18Tire ProsAutomotive132 (21.8%)4952026 FDD ↗
19Burger KingFood & Dining118 (1.8%)5,5242025 FDD ↗
20PACKAGEHUB BUSINESS CENTERSBusiness Services109 (9.4%)1,2442026 FDD ↗
21Buddy's Home FurnishingsRetail & Products107 (36.3%)1912026 FDD ↗
22MCDONALD'SFood & Dining107 (0.8%)12,7722024 FDD · 1+ year old ↗
23MERRY MAIDSCleaning & Restoration103 (13.5%)6842026 FDD ↗
24GREAT CLIPSBeauty & Personal Care103 (2.3%)4,4392025 FDD ↗
25QUALITY INNHotels & Hospitality99 (6.1%)1,5662026 FDD ↗
26Hot Stuff Pizza/ Hot Stuff KitchenFood & Dining95 (11.5%)7522024 FDD · 1+ year old ↗
27EDIBLE ARRANGEMENTSFood & Dining88 (13.0%)5882026 FDD ↗
28Hardee'sFood & Dining87 (6.4%)1,2872026 FDD ↗
29JDOG JUNK REMOVAL & HAULINGHome Services83 (43.2%)1232024 FDD · 1+ year old ↗
30MOTTO MORTGAGEReal Estate77 (33.8%)1712026 FDD ↗
31BOXDROPRetail & Products74 (40.2%)1252026 FDD ↗
32DENNY'SFood & Dining72 (5.7%)1,2122026 FDD ↗
33BELOCALBusiness Services71 (46.1%)1332024 FDD · 1+ year old ↗
34Ace HardwareRetail & Products71 (1.5%)4,9822026 FDD ↗
35ANYTIME FITNESSFitness67 (2.9%)2,2982024 FDD · 1+ year old ↗
36ECONO LODGEHotels & Hospitality65 (10.1%)5992026 FDD ↗
37Pop-A-LockHome Services64 (17.2%)3092026 FDD ↗
38NEXTHOMEReal Estate63 (10.4%)5872026 FDD ↗
39Checkers Drive-in RestaurantFood & Dining60 (10.3%)5472024 FDD · 1+ year old ↗
409ROUNDFitness59 (29.6%)1412026 FDD ↗
41YOUR CBD STORERetail & Products58 (19.5%)2752024 FDD · 1+ year old ↗
42Realty ExecutivesReal Estate55 (21.3%)2172026 FDD ↗
43SYLVAN LEARNINGEducation & Children55 (11.6%)4332026 FDD ↗
44COST CUTTERSBeauty & Personal Care53 (11.4%)3292025 FDD ↗
45Property Management Inc.Real Estate50 (12.5%)4062026 FDD ↗
46RODEWAY INNHotels & Hospitality50 (11.2%)4322026 FDD ↗
47BLINGLE!Home Services49 (46.2%)782025 FDD ↗
48LINE-XAutomotive49 (27.2%)1422026 FDD ↗
49THE UPS STORE (TRADITIONAL)Business Services49 (0.9%)5,4872026 FDD ↗
50THE UPS STORE NON-TRADITIONALBusiness Services49 (0.9%)5,4872026 FDD ↗
Methodology & sourcing

Outlets exited = terminations + non-renewals + ceased operations (other reasons), from Table 3 of each brand's latest FDD Item 20 (no more than two years old) as extracted by us, descending. Transfers to new owners and franchisor reacquisitions are not counted. Where the filing's own Item 20 footnote says some "ceased — other" outlets kept operating (rebranded to a sister concept of the same franchisor, or absorbed by another franchisee), those are subtracted and the brand page quotes the footnote. Only figures that pass the same consistency check the exit-rate list uses are included; systems with fewer than 50 franchised units at the start of the year, or none at year end, are excluded. An exit is not a failure: it can be a relocation, a conversion or a planned restructuring, and the FDD does not say why each outlet left. Figures can contain errors — check the linked FDD and tell us if one is wrong.

Universe: every brand tracked here whose latest filing is a machine extraction from a public FDD (state regulator portals, chiefly Minnesota CARDS), filed 2024–2026. Filings more than two years old and sample/seed data never enter a ranking. Each row's “FDD” link is the official document the figure came from; each brand link leads to the full sourced profile. See the site methodology for extraction and confidence rules.

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