What information should be included in the geographical boundaries description for an Exit territory?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | The following information is deemed a part of the EXIT Realty Corp. Franchise Agreement between Subfranchisor and the party identified below dated [date from page 1 of franchise agreement], 20 | |
|---|---|---|
| 2. | The name of this territory is | |
| 3. | The grid population for this territory type grid (Rural/low/medium or high density. Please indicate) | is making this a |
| 4. | The minimum office space requirement shall be: | |
| a) | ||
| Rural density – | ||
| 750 | ||
| square feet | ||
| b) | ||
| Low density – | ||
| 1,000 square feet | ||
| c) | ||
| Medium density – | ||
| 1,500 square feet | ||
| d) | ||
| High density – | ||
| 2,000 square feet | ||
| 5. | The geographical boundaries of the Territory are as indicated on the map attached to this page. The | |
| Territory is further described as follows: | ||
| [COMPLETE | DESCRIPTION | |
| THE | IN | |
| GEOGRAPHICAL | DETAIL | |
| INCLUDE A MAP OF THE PROTECTED TERRITORY] | AND |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the geographical boundaries of a territory must be indicated on a map attached to the franchise agreement. The territory should be further described in complete geographical detail, and this description must include a map of the protected territory. This information is part of the Exit Realty Corp. Franchise Agreement between the subfranchisor and franchisee.
For a prospective Exit franchisee, this means the franchise agreement should clearly define the exact area in which they will have the right to operate. The inclusion of a map ensures there is a visual representation of the territory, reducing potential ambiguity. The detailed geographical description provides further clarity, likely including specific boundaries such as streets, landmarks, or other identifiable features.
It is important for the franchisee to carefully review the map and geographical description to fully understand the extent of their protected territory. This understanding is crucial for assessing the market potential and avoiding disputes with the subfranchisor or other franchisees. The franchisee should confirm that the described territory aligns with their expectations and business plan before signing the franchise agreement.