FDD ITEM 20 · FISCAL 2023–2025
D.P. DOUGH Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), D.P. DOUGH reported 40 franchised outlets at year end. 2 of 49 franchised outlets open at the start of the year left the system (exit rate 4.1%, fiscal 2025), while 2 new outlets opened. Systemwide units moved +3.6% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 52 | 56 | 58 |
| Opened | 7 | 7 | 2 |
| Transfers | 1 | 2 | 2 |
| Terminations | 0 | 4 | 2 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 7 | 11 |
| Ceased — other reasons | 3 | 1 | 0 |
| Outlets at end | 56 | 58 | 58 |
| Net change | +4 | +2 | 0 |
2 terminations + 0 non-renewals + 0 ceased (other) = 2 exits ÷ 49 at start = 4.1%
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 (2) are resales, not exits; reacquisitions by the franchisor (11) 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.
| State | Franchised | Company-owned |
|---|---|---|
| OH | 7 | 6 |
| NY | 6 | 2 |
| CO | 5 | — |
| PA | 4 | — |
| LA | 3 | — |
| WV | 3 | — |
| CT | 2 | — |
| IL | 2 | 1 |
| AL | 1 | — |
| AZ | 1 | — |
| DE | 1 | — |
| FL | 1 | 1 |
| IA | 1 | — |
| ID | 1 | — |
| MA | 1 | — |
| MI | 1 | 2 |
| MN | 1 | 1 |
| NC | 1 | — |
| OK | 1 | 0 |
| TN | 1 | — |
| TX | 1 | — |
| VA | 1 | 0 |
| GA | 0 | 2 |
| KS | 0 | 0 |
| MD | 0 | — |
| MO | 0 | 1 |
| NE | 0 | 1 |
| SC | 0 | 1 |
| WI | 0 | — |
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