FDD ITEM 20 · FISCAL 2022–2024
Milex/ Mr. Transmission Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), Milex/ Mr. Transmission reported 106 franchised outlets at year end. 3 of 107 franchised outlets open at the start of the year left the system — an annualized exit rate of 2.8%— while 4 new outlets opened. Systemwide units moved -1.8% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 118 | 113 | 110 |
| Opened | 2 | 2 | 4 |
| Transfers | 3 | 6 | 4 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 1 | 4 | 1 |
| Reacquired by franchisor | 0 | 1 | 2 |
| Ceased — other reasons | 6 | 1 | 2 |
| Outlets at end | 113 | 110 | 111 |
| Net change | -5 | -3 | +1 |
0 terminations + 1 non-renewals + 2 ceased (other) = 3 exits ÷ 107 at start = 2.8%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (4) are resales, not exits; reacquisitions by the franchisor (2) 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 Milex/ Mr. Transmission's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →