How many Exit franchises in Florida were operating at the end of 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
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 55 Exit franchises operating in Florida at the end of 2022. At the start of 2022, there were 59 franchises. During 2022, 6 new Exit franchises opened in Florida, while 2 were terminated, 7 were non-renewed, and 1 was reacquired by a subfranchisor.
For a prospective franchisee, this data indicates the net change in the number of Exit franchises in Florida during 2022. It provides a sense of the brand's growth and stability within the state. The opening of 6 new locations suggests ongoing expansion, while the closures, non-renewals, and reacquisition indicate potential challenges or market adjustments.
It's important to note that the number of franchises can be influenced by various factors, including market conditions, franchisee performance, and the franchisor's strategic decisions. A prospective franchisee should investigate the reasons behind closures and non-renewals to assess the overall health and potential risks associated with operating an Exit franchise in Florida. Understanding these dynamics can help in making an informed investment decision.