As of December 31, 2024, what is the projected number of Exit franchise openings?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlet in Next Fiscal Year | Projected New Company Owned Outlets in Next Fiscal Year |
|---|---|---|---|
| Upper Midwest | 4 | 9 | 0 |
| (IA,IL,MI,MN,ND,SD,WI) |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the projected number of new franchised outlets in the next fiscal year for the Upper Midwest region (Iowa, Illinois, Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin) is 9, as of December 31, 2024. Additionally, there are 4 franchise agreements signed in the Upper Midwest, but the outlets were not yet opened as of that date.
This information is useful for prospective franchisees in the Upper Midwest region, as it provides an estimate of potential growth in the area. It suggests that Exit anticipates opening 9 new franchised locations in that region in the coming year.
However, it is important to note that these are just projections and actual results may vary. Factors such as economic conditions, local market demand, and the franchisee's performance can all impact the number of new openings. A prospective franchisee should inquire about the assumptions Exit used to develop these projections and the factors that could cause them to change. It would also be prudent to research the existing Exit locations in the Upper Midwest to assess their performance and market penetration.