Does Exhibit F include both Exit Realty Upper Midwest's and 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, Exhibit F contains the audited financial statements for both EXIT Realty Upper Midwest and EXIT Realty Corp. International. Specifically, the exhibit includes financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024, for both entities. This inclusion allows prospective franchisees to review the financial health and performance of both the subfranchisor (EXIT Realty Upper Midwest) and the franchisor (EXIT Realty Corp. International).
Having access to both sets of financial statements is beneficial for potential franchisees. It provides a more comprehensive view of the financial stability and operational success of the entire Exit franchise system. By reviewing these statements, franchisees can assess the financial risks and opportunities associated with investing in an Exit franchise.
It is typical in franchising to provide financial statements for both the franchisor and any subfranchisors, as both entities play a crucial role in the franchisee's business operations and overall success. Reviewing these statements is a critical step in the due diligence process for any prospective franchisee.