FDD ITEM 20 · FISCAL 2021–2025
PET EVOLUTION (UNIT) Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), PET EVOLUTION (UNIT) reported 20 franchised outlets at year end. 1 of 16 franchised outlets open at the start of the year left the system (exit rate 6.3%, fiscal 2025), while 5 new outlets opened. Systemwide units moved 2 → 23 units over 2021–2025.
| Status (FTC) | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Outlets at start | 2 | 2 | 4 | 10 | 19 |
| Opened | 0 | 2 | 6 | 9 | 5 |
| Transfers | 0 | 0 | 0 | 2 | 0 |
| Terminations | 0 | 0 | 0 | 0 | 1 |
| Non-renewals | 0 | 0 | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 | 1 | 0 |
| Ceased — other reasons | 0 | 0 | 0 | 0 | 0 |
| Outlets at end | 2 | 4 | 10 | 19 | 23 |
| Net change | 0 | +2 | +6 | +9 | +4 |
1 terminations + 0 non-renewals + 0 ceased (other) = 1 exits ÷ 16 at start = 6.3%
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.
| State | Franchised | Company-owned |
|---|---|---|
| TX | 6 | — |
| MN | 5 | 3 |
| WA | 3 | — |
| CA | 2 | — |
| CO | 2 | — |
| OR | 1 | — |
| VA | 1 | — |
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