How many Exit franchises in Florida were nonrenewed in 2022?
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 | | | 2023 | 35 | 5 | 0 | 1 | 0 | 0 | 39 | | | 2024 | 39 | 1 | 0 | 0 | 0 | 0 | 40 | | Arizona | 2022 | 5 | 0 | 0 | 1 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arkansas | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | California | 2022 | 14 | 1 | 0 | 0 | 0 | 0 | 15 | | | 2023 | 15 | 1 | 0 | 0 | 0 | 0 | 16 | | | 2024 | 16 | 0 | 0 | 1 | 0 | 0 | 15 | | Colorado | 2022 | 8 | 2 | 0 | 0 | 1 | 0 | 9 | | | 2023 | 9 | 0 | 0 | 0 | 1 | 0 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | Connecticut | 2022 | 3 |
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 7 non-renewals of Exit franchises in Florida during 2022. This information is detailed in the Item 20 table, which provides a state-by-state breakdown of outlet activity.
Non-renewal of a franchise signifies that the franchisee's agreement was not extended at the end of its term. For a prospective franchisee, a high number of non-renewals could indicate potential issues with franchise profitability, franchisee satisfaction, or the franchisor's renewal policies. It is important to investigate the reasons behind non-renewals to assess the health and stability of the franchise system.
When evaluating a franchise opportunity, it is prudent to look closely at the trends in non-renewals over several years. A consistent pattern of high non-renewals should prompt further investigation, including discussions with current and former franchisees to understand their experiences and perspectives. This due diligence can help a potential franchisee make an informed decision about investing in the Exit franchise.