FDD ITEM 20 · FISCAL 2021–2025
International House of Pancakes Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), International House of Pancakes reported 51 franchised outlets at year end. 1 of 48 franchised outlets open at the start of the year left the system — an annualized exit rate of 2.1%— while 4 new outlets opened. Systemwide units moved +88.9% over 2021–2025.
| Status (FTC) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Outlets at start | 21 | 26 | 37 | 45 | 48 |
| Opened | 8 | 11 | 9 | 6 | 4 |
| Transfers | 0 | 0 | 53 | 46 | 69 |
| Terminations | 0 | 0 | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 0 | 0 |
| Ceased — other reasons | 2 | 0 | 1 | 3 | 1 |
| Outlets at end | 27 | 37 | 45 | 48 | 51 |
| Net change | +6 | +11 | +8 | +3 | +3 |
0 terminations + 0 non-renewals + 1 ceased (other) = 1 exits ÷ 48 at start = 2.1%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (69) 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 |
|---|---|---|
| TX | 12 | 0 |
| GA | 4 | 0 |
| OK | 4 | 0 |
| PA | 4 | 0 |
| CA | 3 | 0 |
| MI | 3 | 0 |
| OH | 3 | 0 |
| KS | 2 | 0 |
| MD | 2 | 0 |
| ME | 2 | 0 |
| MO | 2 | 0 |
| VA | 2 | 0 |
| WV | 2 | 0 |
| AR | 1 | 0 |
| IA | 1 | 0 |
| IL | 1 | 0 |
| NC | 1 | 0 |
| NV | 1 | 0 |
| TN | 1 | 0 |
| IN | 0 | 0 |
| NJ | 0 | 0 |
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