FDD ITEM 20 · FISCAL 2021–2023
THE LITTLE GYM Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), THE LITTLE GYM reported 185 franchised outlets at year end. 6 of 173 franchised outlets open at the start of the year left the system — an annualized exit rate of 3.5%— while 19 new outlets opened. Systemwide units moved +5.7% over 2021–2023.
| Status (FTC) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Outlets at start | 185 | 176 | 174 |
| Opened | 1 | 9 | 19 |
| Transfers | 10 | 12 | 13 |
| Terminations | 0 | 4 | 0 |
| Non-renewals | 0 | 5 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 10 | 2 | 6 |
| Outlets at end | 176 | 174 | 186 |
| Net change | -9 | -2 | +12 |
0 terminations + 0 non-renewals + 6 ceased (other) = 6 exits ÷ 173 at start = 3.5%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (13) 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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