FDD ITEM 20 · FISCAL 2019–2023
Carbone's Pizzeria and Carbone's Pizza Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2023, from the 2023 FDD · 2+ years old), 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 (exit rate -5.7%, fiscal 2023), 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 franchised outlet left the system — including voluntary non-renewals and outlets that ceased for other reasons, which can include sales or absorption into another franchise. Transfers (0) are resales, not exits; reacquisitions by the franchisor (0) are tracked separately. There is no official “failure rate”, and not every exit is a closure or a failure; Item 20 does not say why any outlet left. On a small starting base, a single exit moves this rate sharply.
The Carbone's Pizzeria and Carbone's Pizza validation checklist
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