FDD ITEM 20 · FISCAL 2019–2023
Carbone's Pizzeria and Carbone's Pizza Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2023), Carbone's Pizzeria and Carbone's Pizza reported 34 franchised outlets at year end. -2 of 35 franchised outlets open at the start of the year left the system — an annualized exit rate of -5.7%— while 1 new outlets opened. Systemwide units moved -2.7% over 2019–2023.
| Status (FTC) | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Outlets at start | 36 | 36 | 37 | 37 | 37 |
| Opened | 2 | 2 | 0 | 1 | 1 |
| Transfers | 1 | 1 | 1 | 3 | 0 |
| Terminations | 0 | 0 | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 1 | 0 | 0 |
| Ceased — other reasons | 1 | 1 | 2 | 1 | -2 |
| Outlets at end | 37 | 37 | 37 | 37 | 36 |
| Net change | +1 | +1 | 0 | 0 | -1 |
0 terminations + 0 non-renewals + -2 ceased (other) = -2 exits ÷ 35 at start = -5.7%
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.
The Carbone's Pizzeria and Carbone's Pizza validation checklist
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