How can an Exit franchisee request annual financial statements and an accounting of the Funds?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
All Franchisees are required to contribute Advertising Funds at the same rate. Each of the Funds and an accounting of advertising expenditures is administered by EXIT. The Funds are not audited.
Annual financial statements and an accounting of the Funds will be sent to you via email or U.S. mail upon your written request sent to EXIT via email to snanan@exitrealty.com, or U.S. mail to EXIT Realty Corp. International, Attention: Steve Nanan, 2626 Argentia Road, Mississauga, Ontario, Canada, L5N 5N2.
Any Fund amount remaining at the end of a calendar year is carried over to be used in the future.
In the most recently concluded calendar year, EXIT spent 11.87% of the Funds on production, 2.01% of the Funds on media placement, 0% of the Funds on administrative expenses, 57.5% of the Funds on EXIT's website and internet marketing, 16.43% of the Funds on promotions and 40.51% of the Funds for regional development.
Source: Item 11 — FRANCHISOR'S AND SUBFRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 19–24)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, franchisees can request annual financial statements and an accounting of the various funds. These funds include the United States Creative Fund, United States Promotional Fund, Regional Development Fund, United States Charitable Fund, and the Administrative Fund.
To obtain these financial statements and accounting, a franchisee must submit a written request to Exit. This request can be sent either via email to snanan@exitrealty.com or through U.S. mail to EXIT Realty Corp. International, Attention: Steve Nanan, 2626 Argentia Road, Mississauga, Ontario, Canada, L5N 5N2.
It is important to note that the funds are not audited. The FDD also specifies how Exit spent the funds in the most recently concluded calendar year, allocating 11.87% to production, 2.01% to media placement, 0% to administrative expenses, 57.5% to Exit's website and internet marketing, 16.43% to promotions, and 40.51% for regional development.