How many Exit franchise agreements have been signed in Minnesota, 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, there is 1 franchise agreement signed in Minnesota for which the outlet has not yet opened. This means that as of the date of the FDD, one franchisee in Minnesota has signed an agreement but has not yet commenced operations.
This information is relevant for prospective franchisees as it provides a snapshot of the current state of franchise development within the Exit system. A low number of unopened outlets could indicate efficient onboarding and launch processes, or it could reflect recent franchise sales activity in the state. Conversely, a high number might suggest delays in site selection, construction, or other factors that impede opening.
In addition to the number of unopened outlets, the FDD also indicates that Exit projects 1 new franchised outlet in Minnesota for the next fiscal year. This gives potential franchisees an idea of the company's growth expectations in the state. It is important to note that these are projections and actual results may vary. Prospective franchisees should inquire about the reasons behind any unopened outlets and the specific plans for supporting new openings in Minnesota.