FDD ITEM 20 · FISCAL 2023–2025
PIZZA RANCH Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), PIZZA RANCH reported 213 franchised outlets at year end. 6 of 212 franchised outlets open at the start of the year left the system — an annualized exit rate of 2.8%— while 7 new outlets opened. Systemwide units moved +0.5% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 211 | 218 | 218 |
| Opened | 8 | 6 | 7 |
| Transfers | 6 | 12 | 4 |
| Terminations | 1 | 6 | 6 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 0 | 0 | 0 |
| Outlets at end | 218 | 218 | 219 |
| Net change | +7 | 0 | +1 |
6 terminations + 0 non-renewals + 0 ceased (other) = 6 exits ÷ 212 at start = 2.8%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (4) 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 |
|---|---|---|
| IA | 65 | 1 |
| MN | 43 | — |
| WI | 30 | — |
| SD | 19 | — |
| ND | 14 | — |
| IL | 9 | — |
| MO | 7 | 2 |
| KS | 6 | 1 |
| NE | 6 | 2 |
| MT | 5 | — |
| MI | 4 | — |
| WY | 2 | — |
| CO | 1 | — |
| KY | 1 | — |
| TN | 1 | — |
| AR | 0 | — |
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