What currency is used for all amounts described in the Exit Formula, with the exception of Section 9.k)?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
16. Currency
Except as provided in Section 9.k) above, all amounts described in the EXIT Formula are in U.S. Dollars.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, all monetary amounts within the Exit Formula are expressed in U.S. Dollars, with the exception of those specified in Section 9.k). This means that franchisees can expect all fees, commissions, and other financial transactions related to the franchise operations, as outlined in the Exit Formula, to be denominated in U.S. Dollars.
This standardization simplifies financial planning and reporting for franchisees, as they do not need to account for currency exchange rates or fluctuations when calculating revenues, expenses, or royalty payments. It also provides clarity and consistency in financial dealings between Exit and its franchisees.
However, since Section 9.k) is excluded from this U.S. Dollar standard, prospective franchisees should carefully review that particular section to understand what currency applies and any potential implications. It is important to clarify with Exit the specific details of Section 9.k) to fully understand all financial obligations and transactions within the franchise agreement.