FDD ITEM 20 · FISCAL 2023–2025
GARAGE LIVING Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), GARAGE LIVING reported 47 franchised outlets at year end. 2 of 49 franchised outlets open at the start of the year left the system — an annualized exit rate of 4.1%— while 0 new outlets opened. Systemwide units moved -2.0% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 42 | 51 | 52 |
| Opened | 7 | 1 | 0 |
| Transfers | 1 | 0 | 0 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 2 | 0 |
| Ceased — other reasons | 0 | 0 | 2 |
| Outlets at end | 51 | 52 | 50 |
| Net change | +9 | +1 | -2 |
0 terminations + 0 non-renewals + 2 ceased (other) = 2 exits ÷ 49 at start = 4.1%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) 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.
| State | Franchised | Company-owned |
|---|---|---|
| FL | 7 | — |
| TX | 4 | — |
| OH | 3 | — |
| CA | 2 | — |
| DC/VA | 2 | — |
| IL | 2 | — |
| AL | 1 | — |
| AZ | 1 | — |
| CO | 1 | — |
| CT | 1 | — |
| GA | 1 | — |
| IN | 1 | — |
| MA | 1 | — |
| MI | 1 | — |
| MO | 1 | — |
| NC | 1 | — |
| NE | 1 | — |
| NJ | 1 | — |
| NY | 1 | — |
| OK | 1 | — |
| SD | 1 | — |
| TN | 1 | — |
| UT | 1 | — |
| WA | 1 | — |
| WI | 1 | — |
| AR | 0 | — |
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