How many Floors To Go outlets terminated in 2024?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 20. OUTLETS AND MEMBER INFORMATION
TABLE NO. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 2022 TO 2024
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 151 | 151 | 0 |
| 2023 | 151 | 161 | 10 | |
| 2024 | 161 | 150 | -11 | |
| Company- | 2022 | 0 | 0 | 0 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 151 | 151 | 0 |
| 2023 | 151 | 161 | 10 | |
| 2024 | 161 | 150 | -11 |
TABLE NO.
Source: Item 20 — OUTLETS AND MEMBER INFORMATION (FDD pages 37–47)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, there was one franchise termination in 2024. The data is based on the Systemwide Outlet Summary for the years 2022 to 2024.
Specifically, the table provides a breakdown of outlet activity, including openings, terminations, non-renewals, reacquisitions by the franchisor, and outlets that ceased operations for other reasons. In 2024, out of 161 starting franchised outlets, there was 1 termination, 7 openings, and 17 outlets that ceased operations for other reasons, resulting in 150 outlets at the end of the year.
It is important to note that while there was only one official "termination", a total of 11 franchised locations closed, considering the net change in franchised outlets was -11. A prospective franchisee should investigate the reasons for the 'Other Reasons' closures to understand the health and stability of the franchise system. Understanding the reasons behind these closures can provide valuable insights into potential challenges and opportunities within the Floors To Go franchise.