FDD ITEM 20 · FISCAL 2022–2024
Hot Stuff Pizza/ Hot Stuff Kitchen Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2024), Hot Stuff Pizza/ Hot Stuff Kitchen reported 752 franchised outlets at year end. 95 of 823 franchised outlets open at the start of the year left the system — an annualized exit rate of 11.5%— while 24 new outlets opened. Systemwide units moved -16.7% over 2022–2024.
| Status (FTC) | 2022 | 2023 | 2024 |
|---|---|---|---|
| Outlets at start | 937 | 903 | 823 |
| Opened | 50 | 40 | 24 |
| Transfers | 43 | 37 | 30 |
| Terminations | 1 | 29 | 14 |
| Non-renewals | 22 | 46 | 17 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 61 | 45 | 64 |
| Outlets at end | 903 | 823 | 752 |
| Net change | -34 | -80 | -71 |
14 terminations + 17 non-renewals + 64 ceased (other) = 95 exits ÷ 823 at start = 11.5%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (30) 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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