How many Exit franchise agreements have been signed in Iowa, but the outlet has not yet opened?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlet in Next Fiscal Year | Projected New Company Owned Outlets in Next Fiscal Year |
|---|---|---|---|
| Indiana | 1 | ||
| Iowa | 1 | 0 | |
| Kansas | 0 | ||
| Kentucky | 1 | 2 | |
| Louisiana | 2 | ||
| Maine | 1 | ||
| Maryland | 1 | ||
| Massachusetts | 2 | 3 | |
| Michigan | 2 | ||
| Minnesota | 1 | 1 | |
| Mississippi | 4 | ||
| Missouri | 1 | ||
| Montana | 1 | 6 | |
| Nebraska | 0 | ||
| Nevada | 1 | ||
| New Hampshire | 1 | ||
| New Jersey | 10 | ||
| New Mexico | 1 | ||
| New York | 1 | 9 | |
| North Carolina | 3 | ||
| North Dakota | 0 | ||
| Ohio | 1 | ||
| Oklahoma | 3 | ||
| Oregon | 1 | ||
| Pennsylvania | 1 | ||
| Rhode Island | 1 | ||
| South Carolina | 3 | ||
| South Dakota | 0 | ||
| Tennessee | 1 | 5 | |
| Texas | 1 | 6 | |
| Utah | 1 | ||
| Virginia | 2 | 3 | |
| Vermont | 1 | ||
| Washington | 1 | ||
| West Virginia | 0 | ||
| Wisconsin | 1 | 2 | |
| Wyoming | 0 | ||
| TOTALS | 22 | 114 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, as of December 31, 2024, there was one franchise agreement signed in Iowa for which the outlet had not yet opened. This means that one franchisee in Iowa has committed to opening an Exit location but had not yet commenced operations by the end of 2024.
For a prospective franchisee, this information provides a snapshot of Exit's current development status in Iowa. It indicates that there is already some presence and interest in the state, but also that there may be an opportunity to establish a stronger foothold. The fact that there is one signed agreement without an open outlet could mean various things, such as delays in site selection, construction, or obtaining necessary permits.
It is important for potential franchisees to investigate further into the reasons behind the delay in opening the outlet. Understanding the challenges faced by the existing franchisee can provide valuable insights into the local market conditions and potential hurdles to overcome. Additionally, knowing the projected number of new franchised outlets planned for the next fiscal year (which is zero in Iowa's case) can help gauge the level of support and resources Exit intends to allocate to the region.