Does the Exit FDD receipt acknowledgement include a statement about the franchisee's independent investigation?

According to Exit's 2025 Franchise Disclosure Document, the receipt includes an acknowledgement that Exit strongly recommends that the franchisee obtain legal counsel. This counsel would be responsible for reviewing the agreement, the disclosure document, financial statements, leases, contracts, and other documents related to the Exit system. The attorney would also advise the franchisee regarding the terms, conditions, potential economic benefits, and risks of loss associated with the agreement and the real estate office.

This recommendation highlights the importance of conducting thorough due diligence before entering into a franchise agreement. Prospective Exit franchisees should take this recommendation seriously and seek independent legal and financial advice to fully understand the implications of the franchise agreement. This will help them make an informed decision about whether or not to invest in an Exit franchise.

While Exit encourages franchisees to seek outside counsel, franchisees should note that it is ultimately their responsibility to conduct their own independent investigation. This investigation should include, but not be limited to, reviewing the FDD, speaking with existing franchisees, and conducting market research. By taking these steps, prospective franchisees can minimize their risk and increase their chances of success.