How many Exit franchises in Maryland experienced non-renewal in 2022?
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 – Othe |---|---|---|---|---|---|---|---|---|
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 Exit franchise in Maryland experienced non-renewal in 2022. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by subfranchisors, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
For a prospective franchisee, this information is valuable in assessing the stability and performance of Exit franchises in specific regions. Non-renewal of a franchise can indicate various factors, such as the franchisee's decision not to continue the agreement, failure to meet performance standards, or changes in the franchisor's strategic direction. Reviewing these trends over multiple years, as presented in the FDD, can provide a more comprehensive understanding of the franchise system's health.
It's important to note that while one non-renewal occurred in Maryland in 2022, the reasons behind it are not detailed in this table. A prospective franchisee should investigate further to understand the context and potential implications of non-renewals in their target market. This could involve speaking with current and former franchisees, as well as directly addressing the matter with Exit during the due diligence process.