How many Exit franchises in Kentucky were terminated 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 | | | 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 5 terminations of Exit franchises in Kentucky during 2024. This information is detailed in the table outlining the status of Exit franchises in the United States.
This figure is important for potential franchisees to consider, as terminations can indicate issues with the franchise system, franchisee performance, or market conditions. A high number of terminations might warrant further investigation into the reasons behind them. It is also important to note that there were 6 outlets opened in Kentucky during 2024, 1 nonrenewal, and 1 reacquisition by a subfranchisor, resulting in 18 outlets at the end of the year.
Prospective franchisees should inquire about the reasons for these terminations and assess whether they pose a risk to their investment. Understanding the context behind terminations, such as whether they were due to franchisee non-compliance or other factors, can provide a more comprehensive view of the franchise's stability and support system.