FRANCHISE·WATCH·DESK

FDD ITEM 20 · FISCAL 2023–2025

Dave's Hot Chicken Item 20: outlets, closures & growth

In its latest FDD Item 20 (fiscal 2025), Dave's Hot Chicken reported 348 franchised outlets at year end. 2 of 233 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.9%— while 117 new outlets opened. Systemwide units moved +119.6% over 2023–2025.

Item 20 · outlet status by yearas filed
Status (FTC)202320242025
Outlets at start92163238
Opened7077117
Transfers1525
Terminations000
Non-renewals000
Reacquired by franchisor000
Ceased — other reasons112
Outlets at end163238358
Net change+71+75+120
How the exit count is computedfiscal 2025

0 terminations + 0 non-renewals + 2 ceased (other) = 2 exits ÷ 233 at start = 0.9%

These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (25) 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.

Franchised outlets by state · fiscal 202544 states/territories
StateFranchisedCompany-owned
CA6510
TX34
FL21
NY20
MA13
IL12
CO11
NJ11
WI11
OH10
MI9
NC9
PA9
AZ8
NV8
OR8
VA8
GA7
MD7
IN6
MN6
CT5
OK5
UT5
MO4
SC4
WA4
AL3
KY3
IA2
ID2
KS2
MT2
ND2
NE2
NH2
AR1
DC1
DE1
LA1
NM1
RI1
TN1
VT1
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