FDD ITEM 20 · FISCAL 2023–2025
PRISM SPECIALTIES Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), PRISM SPECIALTIES reported 65 franchised outlets at year end. 0 of 60 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.0%— while 5 new outlets opened. Systemwide units moved +10.2% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 61 | 59 | 60 |
| Opened | 0 | 2 | 5 |
| Transfers | 1 | 9 | 5 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 2 | 0 | 0 |
| Outlets at end | 59 | 60 | 65 |
| Net change | -2 | +1 | +5 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 60 at start = 0.0%
These are the three FTC Item 20 statuses in which a franchisee involuntarily or terminally leaves the system. Transfers (5) 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 | 7 | — |
| MD | 5 | — |
| NJ | 4 | — |
| PA | 4 | — |
| CA | 3 | — |
| FL | 3 | — |
| MA | 3 | — |
| OH | 3 | — |
| AL | 2 | — |
| CO | 2 | — |
| CT | 2 | — |
| GA | 2 | — |
| IN | 2 | — |
| MI | 2 | 0 |
| MN | 2 | — |
| NC | 2 | — |
| NY | 2 | — |
| SC | 2 | — |
| TN | 2 | — |
| VA | 2 | — |
| WI | 2 | — |
| AZ | 1 | — |
| IL | 1 | — |
| KY | 1 | — |
| MO | 1 | — |
| OK | 1 | — |
| OR | 1 | — |
| WA | 1 | — |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing PRISM SPECIALTIES's numbers, including talking you out of a bad deal.
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