How many Exit franchises in Florida were reacquired by the subfranchisor in 2024?
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 5 franchises in Florida that were reacquired by the subfranchisor during 2024. This is out of a starting total of 49 franchises at the beginning of the year. During 2024, 6 new Exit franchises opened in Florida, while 6 were terminated and 3 were not renewed. At the end of 2024, there were 41 Exit franchises in Florida.
For a prospective franchisee, the number of reacquired franchises can be an important indicator of the health and stability of the franchise system. A high number of re acquisitions could indicate that franchisees are struggling to succeed or that there are issues with the franchisor's support or training programs.
It is important to note that reacquisition is not necessarily a negative event. In some cases, Exit may reacquire a franchise in order to improve its performance or to sell it to a more qualified franchisee. However, it is still important for prospective franchisees to investigate the reasons behind any re acquisitions and to assess the potential risks and opportunities associated with investing in an Exit franchise in Florida.
Prospective franchisees should also consider the number of terminations and non-renewals in Florida, as these can also be indicators of franchisee dissatisfaction or financial difficulties. It is advisable to speak with current and former Exit franchisees in Florida to gain a better understanding of their experiences and to assess the overall health of the franchise system in that state.