How many Exit franchises in Mississippi were terminated 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 | | | 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 was one termination of an Exit franchise in Mississippi during 2023. The table provided in Item 20 of the FDD outlines the number of franchise terminations, non-renewals, re acquisitions by sub franchisors, and other reasons for ceased operations across various states and years. This information is crucial for potential franchisees to understand the stability and performance of Exit franchises in specific regions.
Specifically, the data shows that in 2023, Mississippi had 15 Exit outlets at the start of the year and did not open any new outlets. There was one termination and two non-renewals, resulting in 12 outlets at the end of the year. This indicates a net decrease of three Exit franchises in Mississippi during that year.
For a prospective Exit franchisee, this data highlights the importance of understanding the local market dynamics in Mississippi. While the termination rate appears low, the non-renewal rate suggests potential challenges in maintaining franchise agreements. It would be prudent for potential franchisees to investigate the reasons behind these terminations and non-renewals to assess the risks and opportunities associated with investing in an Exit franchise in Mississippi.