How many Exit franchises in Minnesota experienced non-renewal in 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 | | | 202
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, two franchises in Minnesota had their agreements not renewed in 2023. The table provided in Item 20 of the FDD details the changes in franchise outlets across the United States, including terminations, non-renewals, and other reasons for ceased operations.
This information is crucial for potential Exit franchisees as it provides insight into the stability and health of the franchise system in specific states. Non-renewal of a franchise agreement can occur for various reasons, such as failure to meet performance standards or a mutual decision not to continue the agreement.
By reviewing this data, prospective franchisees can assess the risks associated with investing in an Exit franchise in a particular area. It's also advisable to speak with current and former franchisees to understand the reasons behind non-renewals and to evaluate the support and guidance provided by Exit to its franchisees.