How many Exit franchises in Kentucky opened in 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 | | | 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 | 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 4 Exit franchises opened in Kentucky during 2023. The table in Item 20 provides a detailed breakdown of outlet activity by state and year. At the start of 2023, Kentucky had 16 Exit outlets. During that year, 4 new franchises were opened. There was also 1 termination. This brought the total number of Exit franchises in Kentucky to 19 by the end of 2023.
This information is valuable for potential Exit franchisees as it provides insight into the brand's growth and stability in specific regions. Observing the number of new openings, terminations, and other changes can help a franchisee assess the health and potential of the Exit franchise system in Kentucky. It's important to note that past performance doesn't guarantee future results, but it can offer a useful perspective.
Prospective franchisees should also consider the factors that may have influenced these numbers, such as local market conditions, competition, and the level of support provided by Exit. Reviewing these trends over multiple years, as presented in the FDD, can give a more comprehensive understanding of the franchise's performance and potential risks.