How many Exit franchises in Illinois were operating at the start of 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 | | | 20
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 14 Exit franchises operating in Illinois at the start of 2023. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, the number of outlets opened, and the number of outlets at the end of the year for 2022, 2023 and 2024.
For a prospective franchisee, this information indicates the historical growth and presence of Exit franchises in Illinois. It shows whether the brand is expanding, contracting, or remaining stable in the state. The data also includes details on terminations, non-renewals, and re acquisitions, which can provide insights into the stability and success of existing franchises.
It is important to note that past performance does not guarantee future results. A prospective franchisee should further investigate the reasons behind any terminations or non-renewals to assess the potential risks and opportunities associated with opening an Exit franchise in Illinois. They should also consider current market conditions and local competition to make an informed decision.