How many Exit franchises in Michigan 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 19 Exit franchises operating in Michigan at the start of 2023. This information is based on the table that provides details on the number of outlets at the start of the year for each state.
It is important to note that while there were 19 Exit franchises in Michigan at the beginning of 2023, the number decreased to 17 by the end of the year. This decrease is attributed to 2 non-renewals of franchise agreements. This indicates that while the initial number of franchises may be substantial, franchisees should consider the factors that influence franchise operations, such as non-renewals, when assessing the stability and growth potential of Exit in Michigan.
Prospective franchisees should investigate the reasons for non-renewals and how Exit supports its franchisees in Michigan to maintain and grow their businesses. Understanding these dynamics can help a franchisee make an informed decision about investing in an Exit franchise in Michigan.