What is the legal name of the Exit subfranchisor for the Upper Midwest region?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this Disclosure Document, "EXIT" means EXIT Realty Corp. International, the Franchisor. "EXIT Realty Upper Midwest," "we," "us" and similar words mean Upper Midwest Realty, Inc., a Minnesota Corporation, doing business as EXIT Realty Upper Midwest, the Subfranchisor. "You" means the individual or entity that purchases the Franchise. If you form a corporation, partnership or other organization, the reference to "You" may include the organization's owners.
Subfranchisor
Subfranchisor is Upper Midwest Realty, Inc., d/b/a EXIT Realty Upper Midwest, a Minnesota corporation with its principal offices located at 20765 Holyoke Ave, Lakeville, MN 55044, ("EXIT Realty Upper Midwest"). EXIT Realty Upper Midwest is a privately held entity and is not affiliated with EXIT. Exhibit B lists the state agencies also authorized to receive service of process. EXIT Realty Upper Midwest has been in the business of selling real estate franchises since August 9th 2013. EXIT Realty Upper Midwest has no predecessors. EXIT Realty Upper Midwest has never offered franchises in other lines of business.
Source: Item 1 — THE FRANCHISOR AND SUBFRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–8)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the subfranchisor for the Upper Midwest region is Upper Midwest Realty, Inc., a Minnesota corporation. This entity operates under the name EXIT Realty Upper Midwest. As the subfranchisor, Upper Midwest Realty, Inc. is responsible for selling and establishing Exit franchises within its designated territory.
Prospective franchisees in the Upper Midwest will enter into a Franchise Agreement directly with EXIT Realty Upper Midwest, not with EXIT Realty Corp. International (the franchisor). This means that the franchisee's contractual relationship and obligations primarily lie with the subfranchisor. Any issues regarding the franchise's performance or support will be addressed by EXIT Realty Upper Midwest.
EXIT Realty Upper Midwest has been selling real estate franchises since August 9, 2013, and is not affiliated with EXIT. This indicates that it is an independently owned and operated entity. Franchisees should be aware that their interactions and agreements are with this separate entity, and they should conduct their due diligence accordingly to understand the subfranchisor's capabilities and history.