How many Exit franchises in Mississippi were reacquired by the subfranchisor in 2024?
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, in 2024, one franchise in Mississippi was reacquired by the subfranchisor. The table in Item 20 of the FDD provides a detailed breakdown of outlet activity, including the number of franchises reacquired by subfranchisors. This information is crucial for potential franchisees to understand the stability and changes within the franchise system in specific states.
The reacquisition of a franchise by the subfranchisor can occur for various reasons, such as the franchisee's failure to meet performance standards, a mutual agreement to terminate the franchise agreement, or strategic decisions by the subfranchisor. For a prospective Exit franchisee, it's important to understand the reasons behind re acquisitions in their target state, as this could indicate potential challenges or opportunities within that market.
Item 20 includes data on outlets at the start and end of the year, outlets opened, terminations, non-renewals, re acquisitions by the subfranchisor, ceased operations for other reasons, and the net change in outlets. This comprehensive overview helps potential franchisees assess the overall health and growth trends of the Exit franchise system, both nationally and within specific states. Reviewing this data over several years, from 2022 to 2024, provides a more complete picture of the franchise's performance and stability.