FDD ITEM 20 · FISCAL 2020–2022
PAUL DAVIS RESTORATION INC FRANCHISE AGREEMENT Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2022), PAUL DAVIS RESTORATION INC FRANCHISE AGREEMENT reported 224 franchised outlets at year end. 7 of 211 franchised outlets open at the start of the year left the system — an annualized exit rate of 3.3%— while 20 new outlets opened. Systemwide units moved +14.9% over 2020–2022.
| Status (FTC) | 2020 | 2021 | 2022 |
|---|---|---|---|
| Outlets at start | 190 | 195 | 211 |
| Opened | 9 | 22 | 20 |
| Transfers | 2 | 9 | 20 |
| Terminations | 4 | 6 | 7 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 1 | 0 | 0 |
| Outlets at end | 195 | 211 | 224 |
| Net change | +5 | +16 | +13 |
7 terminations + 0 non-renewals + 0 ceased (other) = 7 exits ÷ 211 at start = 3.3%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (20) 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.
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