How many franchised Exit offices were closed in 2024?
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 were closed in 2024. This figure is part of a broader table that also provides data on office openings and total operational offices.
For a prospective franchisee, this information offers a glimpse into the stability and turnover within the Exit franchise system. While openings suggest growth, closures can indicate challenges faced by franchisees. It's important to consider these figures in the context of the overall size of the franchise network.
It is also worth noting that the number of franchised offices in operation as of December 31 remained constant at 88 between 2023 and 2024, despite the openings and closures. This suggests a relatively stable network size, with new offices primarily replacing those that closed. A deeper investigation into the reasons for closures and the locations of both closed and opened offices would provide a more comprehensive understanding of the franchise's dynamics.