FDD ITEM 20 · FISCAL 2023–2025
Pink Zebra Moving Item 20: outlets, exits & growth
In its latest FDD Item 20 (fiscal 2025, from the 2026 FDD), Pink Zebra Moving reported 19 franchised outlets at year end. 2 of 13 franchised outlets open at the start of the year left the system (exit rate 15.4%, fiscal 2025), while 8 new outlets opened. Systemwide units moved 9 → 19 units over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 3 | 9 | 14 |
| Opened | 8 | 9 | 8 |
| Transfers | 1 | 1 | 1 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 1 | 0 |
| Ceased — other reasons | 1 | 4 | 2 |
| Outlets at end | 9 | 14 | 19 |
| Net change | +6 | +5 | +5 |
0 terminations + 0 non-renewals + 2 ceased (other) = 2 exits ÷ 13 at start = 15.4%
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 (1) 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 | 4 | — |
| AL | 3 | 0 |
| MI | 3 | — |
| MO | 2 | — |
| NC | 2 | 0 |
| GA | 1 | — |
| IN | 1 | — |
| OH | 1 | — |
| OK | 1 | — |
| CO | 0 | — |
| MA | 0 | — |
| NJ | 0 | — |
| TN | 0 | — |
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