FDD ITEM 20 · FISCAL 2023–2025
Woofie's Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Woofie's reported 101 franchised outlets at year end. 8 of 82 franchised outlets open at the start of the year left the system — an annualized exit rate of 9.8%— while 27 new outlets opened. Systemwide units moved +146.3% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 11 | 39 | 82 |
| Opened | 31 | 45 | 27 |
| Transfers | 0 | 1 | 0 |
| Terminations | 0 | 0 | 8 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 1 | 2 | 0 |
| Outlets at end | 41 | 82 | 101 |
| Net change | +30 | +43 | +19 |
8 terminations + 0 non-renewals + 0 ceased (other) = 8 exits ÷ 82 at start = 9.8%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (0) 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 | 13 | — |
| TX | 10 | — |
| CO | 9 | — |
| MD | 8 | — |
| FL | 7 | — |
| VA | 7 | 0 |
| GA | 5 | — |
| NC | 5 | — |
| NJ | 5 | — |
| MI | 3 | — |
| NY | 3 | — |
| TN | 3 | — |
| WI | 3 | — |
| AL | 2 | — |
| AZ | 2 | — |
| IL | 2 | — |
| KY | 2 | — |
| MA | 2 | — |
| MO | 2 | — |
| UT | 2 | — |
| IN | 1 | — |
| NH | 1 | — |
| OH | 1 | — |
| OR | 1 | — |
| SC | 1 | — |
| OK | 0 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Woofie's's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →