How many Exit franchises were operating in the Upper Midwest at the start of 2022?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Upper Midwest | 2022 | 85 | 89 | +4 |
| (IA,IL,MI,MN,ND,SD,WI) | 2023 | 89 | 88 | -1 |
| 2024 | 88 | 83 | -5 | |
| Company Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets – | 2022 | 85 | 89 | +4 |
| Franchises | 2023 | 89 | 88 | -1 |
| 2024 | 88 | 83 | -5 |
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 85 Exit franchises operating in the Upper Midwest (IA, IL, MI, MN, ND, SD, WI) at the start of 2022. By the end of 2022, this number increased to 89, representing a net change of +4 franchises in the region.
This information is valuable for potential franchisees as it provides insight into the brand's presence and growth within the Upper Midwest. A higher number of existing franchises could indicate established brand recognition and market penetration, which may be beneficial for a new franchisee. Conversely, it could also signal increased competition within the region.
It's important to note the specific states included in the Upper Midwest region as defined by Exit, as this may influence a prospective franchisee's decision depending on their preferred location. The net change in franchise numbers from the start to the end of the year can also indicate the overall health and attractiveness of the Exit franchise system in that region. A positive net change suggests growth and expansion, while a negative change could warrant further investigation into the reasons behind the decline.
Prospective franchisees should further investigate the performance of existing Exit franchises in the Upper Midwest, including factors such as average revenue, profitability, and customer satisfaction. This information, combined with the data on franchise numbers, can provide a more comprehensive understanding of the opportunities and challenges associated with investing in an Exit franchise in this region.