How many Exit franchises in Massachusetts 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 | | | 2023
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 15 Exit franchises operating in Massachusetts at the start of 2023. This number is derived from the table that tracks outlet information by state and year, specifically looking at the 'Outlets at Start of Year' column for Massachusetts in 2023.
It's important to note the changes in outlet numbers over the years. In 2022, Massachusetts had 16 outlets at the start of the year, which decreased to 15 by the end of the year. In 2023, there were 15 outlets at the start of the year, and only one new outlet was opened. However, the number of outlets decreased to 9 by the end of 2023 due to terminations, non-renewals, and re acquisitions by sub franchisors. By 2024, the number remained at 9.
For a prospective franchisee, this data highlights the importance of understanding the local market dynamics in Massachusetts. While there was some initial presence, the significant decrease in outlets during 2023 suggests potential challenges or market saturation that new franchisees should investigate. It would be prudent to inquire about the reasons for these closures and non-renewals to assess the risks and opportunities in this specific region.