What exhibit contains Exit's financial statements?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit F are EXIT Realty Upper Midwest's audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. Also attached as part of Exhibit F are EXIT's audited financial statements for the fiscal years ending December 31, 2022, December 31, 2023, and December 31, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the audited financial statements for Exit Realty Upper Midwest for the years ending December 31, 2022, December 31, 2023, and December 31, 2024, are included in Exhibit F. Additionally, Exit's audited financial statements for the fiscal years ending December 31, 2022, December 31, 2023, and December 31, 2024, are also part of Exhibit F.
It is standard practice for franchisors to include several years of audited financial statements in their FDDs. This allows potential franchisees to review the financial health and stability of the franchise system over time. The inclusion of both Exit Realty Upper Midwest's and Exit's financial statements provides a more comprehensive view of the financial performance of different entities within the Exit franchise system.
A prospective franchisee should carefully review these financial statements and consider consulting with a financial advisor to fully understand the implications of the financial data presented. Understanding the franchisor's financial performance is crucial in assessing the risks and potential rewards of investing in an Exit franchise.