FDD ITEM 20 · FISCAL 2022–2024
Take 5 Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), Take 5 reported 432 franchised outlets at year end. 1 of 325 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.3%— while 110 new outlets opened. Systemwide units moved +41.5% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 668 | 807 | 968 |
| Opened | 94 | 100 | 110 |
| Transfers | 0 | 0 | 7 |
| Terminations | 0 | 1 | 1 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 1 | 1 | 2 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 807 | 968 | 1,142 |
| Net change | +139 | +161 | +174 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 325 at start = 0.3%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (7) 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 Take 5's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →