FDD ITEM 20 · FISCAL 2023–2025
Sarpino's Pizzeria Item 20: outlets, closures & growth
In its latest FDD Item 20 (fiscal 2025), Sarpino's Pizzeria reported 45 franchised outlets at year end. 0 of 43 franchised outlets open at the start of the year left the system — an annualized exit rate of 0.0%— while 2 new outlets opened. Systemwide units moved +4.7% over 2023–2025.
| Status (FTC) | 2023 | 2024 | 2025 |
|---|---|---|---|
| Outlets at start | 43 | 43 | 43 |
| Opened | 1 | 2 | 2 |
| Transfers | 1 | 2 | 2 |
| Terminations | 0 | 0 | 0 |
| Non-renewals | 0 | 0 | 0 |
| Reacquired by franchisor | 0 | 0 | 0 |
| Ceased — other reasons | 1 | 2 | 0 |
| Outlets at end | 43 | 43 | 45 |
| Net change | 0 | 0 | +2 |
0 terminations + 0 non-renewals + 0 ceased (other) = 0 exits ÷ 43 at start = 0.0%
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 |
|---|---|---|
| IL | 16 | 0 |
| MN | 9 | 0 |
| FL | 6 | 0 |
| KS | 5 | 0 |
| MO | 5 | 0 |
| CO | 1 | 0 |
| GA | 1 | 0 |
| IA | 1 | 0 |
| TX | 1 | 0 |
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing Sarpino's Pizzeria's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →