How many Exit franchises in Florida ceased operations for other reasons in 2023?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 0 | | TOTALS | 2022 | 21 | | | 2023 | 27 | | | 2024 | 30 | | State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Nonrenewals | Reacquired by Subfranchisor | Ceased Operations – Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | Alabama | 2022 | 32 | 3 | 0 | 0 | 0 | 0 | 35 | | | 2
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 were zero franchises in Florida that ceased operations for 'other reasons' during 2023. The provided table in Item 20 details the changes in outlet numbers for each state over the years 2022, 2023, and 2024. The column 'Ceased Operations – Other Reasons' specifically tracks outlets that closed for reasons other than terminations, non-renewals, or reacquisition by a subfranchisor.
For a prospective Exit franchisee, this data point is crucial for understanding the stability and health of the franchise network in Florida. A '0' in this category suggests that closures are primarily due to the typical reasons of termination, non-renewal, or the franchisor buying back the franchise, rather than unforeseen or problematic circumstances. This could indicate a well-managed market with franchisees generally fulfilling their terms and agreements.
It is important to note that while 'Ceased Operations – Other Reasons' is zero for Florida in 2023, the state did experience other forms of outlet reduction. Specifically, there were 7 terminations, 2 non-renewals and 1 reacquisition by a subfranchisor. A prospective franchisee should investigate the reasons behind these numbers to get a comprehensive understanding of the challenges and opportunities in the Florida market.