FDD ITEM 20 · FISCAL 2021–2025
PET EVOLUTION (UNIT) Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), PET EVOLUTION (UNIT) reported 20 franchised outlets at year end. 1 of 16 franchised outlets open at the start of the year left the system — an annualized exit rate of 6.3%— while 5 new outlets opened. Systemwide units moved +1050.0% over 2021–2025.
| Status (FTC) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Outlets at start | 2 | 2 | 4 | 10 | 19 |
| Opened | 0 | 2 | 6 | 9 | 5 |
| Transfers | 0 | 0 | 0 | 2 | 0 |
| Terminations | 0 | 0 | 0 | 0 | 1 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 1 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 | 0 |
| Outlets at end | 2 | 4 | 10 | 19 | 23 |
| Net change | 0 | +2 | +6 | +9 | +4 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 16 at start = 6.3%
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 |
|---|---|---|
| TX | 6 | — |
| MN | 5 | 3 |
| WA | 3 | — |
| CA | 2 | — |
| CO | 2 | — |
| OR | 1 | — |
| VA | 1 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing PET EVOLUTION (UNIT)'s numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →