FDD ITEM 20 · FISCAL 2021–2023
FLEET FEET, FLEET FEET TRIATHLETE Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), FLEET FEET, FLEET FEET TRIATHLETE reported 183 franchised outlets at year end. 1 of 167 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.6%— while 17 new outlets opened. Systemwide units moved +39.6% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 183 | 192 | 253 |
| Opened | 9 | 15 | 17 |
| Transfers | 0 | 9 | 8 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 5 | 0 | 0 |
| Ceased — other reasons | 0 | 1 | 1 |
| Outlets at end | 192 | 253 | 268 |
| Net change | +9 | +61 | +15 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 167 at start = 0.6%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (8) 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 FLEET FEET, FLEET FEET TRIATHLETE's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →