FDD ITEM 20 · FISCAL 2014–2016
Vision Source Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2016), Vision Source reported 3,344 franchised outlets at year end. 150 of 3,262 franchised outlets open at the start of the year left the system — an annualized exit rate of 4.6%— while 232 new outlets opened. Systemwide units moved +10.6% over 2014–2016.
| Status (FTC) | 2014 | 2015 | 2016 |
|---|---|---|---|
| Outlets at start | 2,797 | 3,023 | 3,262 |
| Opened | 352 | 374 | 232 |
| Transfers | 42 | 28 | 23 |
| Terminations | 34 | 38 | 70 |
| Non-renewals | 41 | 25 | 44 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 51 | 72 | 36 |
| Outlets at end | 3,023 | 3,262 | 3,344 |
| Net change | +226 | +239 | +82 |
70 terminations + 44 non-renewals + 36 ceased (other) = 150 exits ÷ 3,262 at start = 4.6%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (23) 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 |
|---|---|---|
| CA | 382 | 0 |
| TX | 259 | 0 |
| FL | 154 | 0 |
| IL | 136 | 0 |
| MI | 122 | 0 |
| NC | 114 | 0 |
| PA | 114 | 0 |
| OH | 111 | 0 |
| TN | 104 | 0 |
| IN | 102 | 0 |
| NY | 93 | 0 |
| KS | 88 | 0 |
| IA | 87 | 0 |
| WA | 86 | 0 |
| MO | 84 | 0 |
| OR | 81 | 0 |
| OK | 77 | 0 |
| WI | 74 | 0 |
| GA | 69 | 0 |
| NE | 65 | 0 |
| CO | 63 | 0 |
| VA | 57 | 0 |
| NJ | 55 | 0 |
| AR | 53 | 0 |
| KY | 53 | 0 |
| MA | 53 | 0 |
| MS | 49 | 0 |
| AL | 48 | 0 |
| LA | 47 | 0 |
| AZ | 42 | 0 |
| MN | 40 | 0 |
| MD | 36 | 0 |
| ID | 34 | 0 |
| SC | 32 | 0 |
| NH | 30 | 0 |
| HI | 29 | 0 |
| NV | 25 | 0 |
| UT | 25 | 0 |
| WV | 25 | 0 |
| NM | 23 | 0 |
| AK | 18 | 0 |
| WY | 18 | 0 |
| SD | 16 | 0 |
| ND | 15 | 0 |
| MT | 13 | 0 |
| DE | 12 | 0 |
| CT | 11 | 0 |
| VT | 10 | 0 |
| RI | 7 | 0 |
| ME | 2 | 0 |
| DC | 1 | 0 |
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