What is the fiscal year end for 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 company's fiscal year ends on December 31. Specifically, the FDD includes audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. This information is included as Exhibit F to the FDD.
For a prospective franchisee, this means that Exit's financial performance is evaluated and reported on an annual cycle concluding on December 31st. Understanding the fiscal year-end is important because the financial statements provide a snapshot of the company's financial health and performance over the preceding year. Franchisees can use this information to assess the stability and profitability of Exit.
Knowing the fiscal year-end also helps franchisees align their own financial planning and reporting with Exit's schedule. This ensures consistency when comparing their franchise's performance against the company's overall financial results. It's a common practice for franchisors to have a set fiscal year-end to maintain uniformity in financial reporting across the franchise system.