How many Exit franchises in Maine experienced non-renewal 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
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, one franchise in Maine experienced non-renewal in 2023. The table provided in Item 20 includes data on outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by subfranchisors, outlets that ceased operations for other reasons, and outlets at the end of the year for each state. This information is presented for the years 2022, 2023, and 2024.
For a prospective Exit franchisee, this data indicates the stability and turnover of franchises within specific states. Non-renewal can occur for various reasons, such as the franchisee deciding not to continue the business or failure to meet the franchisor's standards. A high number of non-renewals in a particular area might warrant further investigation to understand the underlying causes.
It's important to note that while one non-renewal occurred in Maine during 2023, there were three Exit franchises in Maine at the start of 2022 and two at the end of 2023. This suggests that while one franchise agreement was not renewed, the overall presence of Exit in Maine remained relatively stable. Prospective franchisees should consider these trends alongside other factors when evaluating the potential for success in a specific market.