FDD ITEM 20 · FISCAL 2023–2025
Extreme Pizza Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Extreme Pizza reported 20 franchised outlets at year end. 1 of 20 franchised outlets open at the start of the year left the system — an annualized exit rate of 5.0%— while 1 new outlets opened. Systemwide units moved -8.7% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 24 | 23 | 21 |
| Opened | 3 | 1 | 1 |
| Transfers | 0 | 0 | 2 |
| Terminations | 0 | 0 | 1 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 2 | 3 | 0 |
| Outlets at end | 23 | 21 | 21 |
| Net change | -1 | -2 | 0 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 20 at start = 5.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (2) 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 |
|---|---|---|
| CA | 12 | 1 |
| ID | 3 | — |
| VA | 2 | — |
| NJ | 1 | — |
| SC | 1 | — |
| TX | 1 | — |
| DC | 0 | — |
| MI | 0 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Extreme Pizza's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →