How many Exit franchises in Florida were reacquired by the subfranchisor 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 – Oth |---|---|---|---|---|---|---|---|---|
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 was one Exit franchise in Florida that was reacquired by the subfranchisor in 2022. This means that the subfranchisor took over the operations of that particular franchise location during that year.
For a potential Exit franchisee, this information is relevant for understanding the stability and changes within the franchise system. Reacquisitions can occur for various reasons, such as the franchisee's inability to manage the business effectively, failure to meet brand standards, or strategic decisions by the subfranchisor.
It's important to note that while one franchise was reacquired in Florida in 2022, the document also indicates that there were 59 Exit outlets at the start of the year and 6 outlets opened during the year, with 2 terminations and 7 non-renewals, resulting in 55 outlets at the end of 2022. This suggests that while there was some turnover, the Exit franchise system in Florida remained relatively stable overall. A prospective franchisee should inquire with Exit about the reasons for reacquisitions and the support provided to franchisees to prevent such occurrences.