How many Exit franchises in Maryland 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 | | | 20
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 20 Exit franchises operating in Maryland at the end of 2024. The table provided in Item 20 of the FDD details the status of franchise outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, reacquired franchises, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
Specifically for Maryland, the data shows that in 2024, there were 31 outlets at the start of the year, 1 outlet opened, 2 terminations, 4 non-renewals, and 6 reacquired by subfranchisor. This activity resulted in 20 Exit franchises operating in Maryland at the end of 2024.
For a prospective franchisee, this information is useful for understanding the dynamics of the Exit franchise network in Maryland. It shows the rate of openings, closures, and transfers, which can help in assessing the stability and growth potential of the franchise in that specific state. The number of reacquired franchises is notably high, which could indicate issues with franchisee performance or compliance in the Maryland market.