How many Exit franchise transfers occurred in Rhode Island during 2024?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Rhode Island | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 |
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 was one franchise transfer in Rhode Island during 2024. This information is based on the table provided in Item 20, which details outlet and franchisee information, including the number of transfers per state and year.
Franchise transfers occur when an existing franchisee sells their franchise to a new owner, subject to Exit's approval. A low number of transfers could indicate franchisee satisfaction or stability within the Exit system. Conversely, a high number of transfers might suggest potential issues with profitability or franchisee support, although this needs to be evaluated in conjunction with other performance metrics.
Prospective franchisees should consider the transfer history in their target state as part of their due diligence. Understanding the reasons behind any transfers, whether positive or negative, can provide valuable insights into the health and stability of the Exit franchise network in that area.