FDD ITEM 20 · FISCAL 2021–2023
EverLine Coatings and Services Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), EverLine Coatings and Services reported 55 franchised outlets at year end. 1 of 20 franchised outlets open at the start of the year left the system — an annualized exit rate of 5.0%— while 36 new outlets opened.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 0 | 0 | 20 |
| Opened | 0 | 20 | 36 |
| Transfers | 0 | 0 | 1 |
| Terminations | 0 | 0 | 1 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 0 | 20 | 55 |
| Net change | 0 | +20 | +35 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 20 at start = 5.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (1) 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.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing EverLine Coatings and Services's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →