How many Exit franchises in Maryland were operating at the start of 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 | | | 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 34 Exit franchises operating in Maryland at the start of 2023. This information is based on the table that outlines the status of franchise outlets for the years 2022 to 2024. The table provides a breakdown of outlets by state, year, and various changes such as openings, terminations, and non-renewals.
For a prospective franchisee, this indicates the existing market presence of Exit in Maryland. It shows the number of established locations and can be an indicator of brand recognition and market saturation. A franchisee might consider this information alongside other factors such as population density, local real estate costs, and competition to assess the potential for a new Exit franchise in Maryland.
It is also important to note the changes in outlet numbers from 2022 to 2024. In Maryland, the number of Exit franchises decreased from 35 in 2022 to 31 by the end of 2023, and further to 20 by the end of 2024. This decrease could be due to several factors, including terminations, non-renewals, or other reasons for ceasing operations. A potential franchisee should investigate the reasons behind these changes to better understand the market dynamics and potential challenges in the area.