How many Exit franchises in Iowa were operating at the end of 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 | | | 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 |
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 16 Exit franchises operating in Iowa at the end of 2024. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, and outlets at the end of the year for each state. For Iowa, at the start of 2024 there were 17 locations, zero opened, and one location ceased operations for other reasons, resulting in 16 locations at the end of the year.
This information is crucial for potential Exit franchisees as it provides a clear picture of the franchise's growth and stability within a specific state. The number of outlets opened or closed can indicate the level of market saturation, the effectiveness of the franchise system, and the overall economic conditions in the area. A decrease in the number of outlets, as seen in Iowa, could signal challenges or market saturation that prospective franchisees should investigate further.
It is important to note that while the table provides a snapshot of outlet numbers, it does not offer detailed explanations for the changes. For instance, the "Ceased Operations – Other Reasons" category could encompass a variety of factors, such as franchisee decisions not to renew their agreements, performance issues, or other unforeseen circumstances. A prospective franchisee should seek clarification from Exit regarding the reasons behind any outlet closures to gain a more comprehensive understanding of the franchise's performance and potential risks in Iowa.
Therefore, while the FDD provides valuable data on the number of Exit franchises in Iowa, potential franchisees should conduct thorough due diligence, including speaking with existing franchisees and seeking additional information from Exit to assess the opportunities and challenges associated with investing in an Exit franchise in Iowa.