How many Exit franchises in Mississippi were operating at the start of 2022?
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 Mississippi at the start of 2022. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by subfranchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
For a prospective franchisee, this information is useful in understanding the historical growth and stability of Exit franchises in Mississippi. The data indicates that during 2022, one new Exit franchise was opened in Mississippi, while one franchise was terminated, resulting in a consistent 15 franchises operating at the end of the year.
It's important to note that while the number of franchises remained stable in 2022, the table also shows changes in subsequent years. In 2023, there were 15 franchises at the start of the year, none opened, one termination, and two non-renewals, resulting in 12 franchises at the end of the year. In 2024, there were 12 franchises at the start of the year, none opened, none terminated, none non-renewed, and one reacquired by the subfranchisor, resulting in 11 franchises at the end of the year. This trend may warrant further investigation to understand the reasons behind the terminations, non-renewals, and re acquisitions.