Does Exit authorize its employees or representatives to make financial performance representations orally?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a Franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to EXIT Realty Upper Midwest's management by contacting Cade Pankonin, 20765 Holyoke Ave, Lakeville, MN 55044, (651) 560-3234, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 31)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, Exit does not authorize its employees or representatives to make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets, either orally or in writing. This policy is in place to ensure consistent and reliable information is provided to potential franchisees. However, if you are purchasing an existing outlet, Exit may provide you with the actual records of that outlet.
This means that prospective Exit franchisees should not rely on any verbal promises or projections regarding potential income or financial success made by Exit employees or representatives. The only financial information that should be considered is the documented performance of an existing outlet, if you are purchasing one.
If a prospective franchisee receives any financial performance information or projections of future income from an Exit representative, they are advised to report it to Exit Realty Upper Midwest's management by contacting Cade Pankonin, as well as to the Federal Trade Commission and the appropriate state regulatory agencies. This measure helps maintain transparency and protects potential franchisees from misleading information.