How many Exit franchised offices closed in 2023?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Franchised offices: | |||
| Opened/acquired | 5 | 4 | 6 |
| Closed | (5) | (5) | (2) |
| In operation as of December 31 | 88 | 88 | 89 December 31 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, 5 franchised offices closed in 2023. The document also indicates that 4 new Exit franchised offices were opened or acquired during that same year. At the end of 2023, there were 88 Exit franchised offices in operation.
For a prospective franchisee, this data provides a snapshot of the Exit franchise system's recent activity. While the number of closures matches the number of openings/acquisitions, it's important to understand the reasons behind these closures. High closure rates can be a red flag, indicating potential issues with the franchise model, market saturation, or franchisee support. A potential franchisee should investigate the reasons for these closures to assess the overall health and stability of the Exit franchise system.
It would be prudent for a potential Exit franchisee to speak with current and former franchisees to gain a deeper understanding of the challenges and opportunities within the system. Understanding the reasons behind office closures, as well as the support and training provided by Exit, can help a prospective franchisee make an informed decision.