How many Exit outlets were reacquired from franchisees in 2024?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 35 | 5 | 0 | 1 | 0 | 0 | 39 | | | 2024 | 39 | 1 | 0 | 0 | 0 | 0 | 40 | | Arizona | 2022 | 5 | 0 | 0 | 1 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | Arkansas | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 3 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | California | 2022 | 14 | 1 | 0 | 0 | 0 | 0 | 15 | | | 2023 | 15 | 1 | 0 | 0 | 0 | 0 | 16 | | | 2024 | 16 | 0 | 0 | 1 | 0 | 0 | 15 | | Colorado | 2022 | 8 | 2 | 0 | 0 | 1 | 0 | 9 | | | 2023 | 9 | 0 | 0 | 0 | 1 | 0 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | Connecticut | 2022 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | | | 2023 | 2 | 1 | 0 | 1 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 1 | 0 | 0 | 0 | 1 | | Delaware | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | | District of | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | Columbia | | | | | | | | | | | 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 1 | 0 | 0 | 0 | 1 | | Florida | 2022 | 59 | 6 | 2 | 7 | 1 | 0 | 55 | | | 2023 | 55 | 4 | 7 | 2 | 1 | 0 | 49 | | | 2024 | 49 | 6 | 6 | 3 | 5 | 0 | 41 | | Georgia | 2022 | 18 | 5 | 4 | 0 | 0 | 0 | 19 | | | 2023 | 19 | 5 | 9 | 0 | 2 | 0 | 13 | | | 2024 | 13 | 2 | 2 | 1 | 2 | 0 | 10 | | Illinois | 2022 | 13 | 1 | 0 | 0 | 0 | 0 | 14 | | | 2023 | 14 | 1 | 0 | 0 | 0 | 0 | 15 | | | 2024 | 15 | 0 | 0 | 0 | 0 | 0 | 15 | | Indiana | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Iowa | 2022 | 15 | 0 | 0 | 0 | 0 | 0 | 15 | | | 2023 | 15 | 2 | 0 | 0 | 0 | 0 | 17 | | | 2024 | 17 | 0 | 0 | 0 | 0 | 1 | 16 | | Kentucky | 2022 | 13 | 3 | 0 | 0 | 0 | 0 | 16 | | State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Nonrenewals | Reacquired by Subfranchisor | Ceased Operations – Other Reasons | Outlets at End of Year | |---|---|---|---|---|---|---|---|---| | | 2023 | 16 | 4 | 1 | 0 | 0 | 0 | 19 | | | 2024 | 19 | 6 | 5 | 1 | 1 | 0 | 18 | | Louisiana | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | Maine | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 1 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Maryland | 2022 | 35 | 0 | 0 | 1 | 0 | 0 | 34 | | | 2023 | 34 | 0 | 1 | 1 | 0 | 1 | 31 | | | 2024 | 31 | 1 | 2 | 4 | 6 | 0 | 20 | | Massachusetts | 2022 | 16 | 0 | 0 | 0 | 1 | 0 | 15 | | | 2023 | 15 | 1 | 1 | 5 | 1 | 0 | 9 | | | 2024 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | | Michigan | 2022 | 19 | 0 | 0 | 0 | 0 | 0 | 19 | | | 2023 | 19 | 0 | 0 | 2 | 0 | 0 | 17 | | | 2024 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | | Minnesota | 2022 | 15 | 0 | 0 | 0 | 1 | 0 | 14 | | | 2023 | 14 | 1 | 0 | 2 | 0 | 0 | 13 | | | 2024 | 13 | 1 | 0 | 0 | 0 | 0 | 14 | | Mississippi | 2022 | 15 | 1 | 1 | 0 | 0 | 0 | 15 | | | 2023 | 15 | 0 | 1 | 2 | 0 | 0 | 12 | | | 2024 | 12 | 0 | 0 | 0 | 1 | 0 | 11 | | Missouri | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | Montana | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2024 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | | Nebraska | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Nevada | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 1 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | New Hampshire | 2022 | 4 | 0 | 0 | 1 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 2 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | New Jersey | 2022 | 30 | 0 | 1 | 1 | 0 | 0 | 28 | | | 2023 | 28 | 1 | 1 | 0 | 0 | 0 | 28 | | UNITED STATES | | | | | | | | | |---|---|---|---|---|---|---|---|---| | State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Nonrenewals | Reacquired by Subfranchisor | Ceased Operations – Other Reasons | Outlets at End of Year | | | 2024 | 28 | 0 | 0 | 2 | 0 | 1 | 25 | | New Mexico | 2022 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | New York | 2022 | 39 | 1 | 0 | 2 | 0 | 0 | 38 | | | 2023 | 38 | 4 | 0 | 1 | 1 | 0 | 40 | | | 2024 | 40 | 2 | 2 | 3 | 0 | 0 | 37 | | North Carolina | 2022 | 12 | 1 | 0 | 1 | 0 | 0 | 12 | | | 2023 | 12 | 2 | 0 | 0 | 3 | 0 | 11 | | | 2024 | 11 | 0 | 0 | 0 | 1 | 1 | 9 | | North Dakota | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Ohio | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 1 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 2 | 0 | 2 | | Oklahoma | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 2 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Oregon | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Pennsylvania | 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 1 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 1 | 0 | 0 | 4 | | Rhode Island | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | South Carolina | 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | | | 2023 | 7 | 3 | 0 | 0 | 0 | 0 | 10 | | | 2024 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | | South Dakota | 2022 | 8 | 1 | 0 | 0 | 0 | 0 | 9 | | | 2023 | 9 | 0 | 0 | 0 | 0 | 0 | 9 | | | 2024 | 9 | 0 | 0 | 3 | 0 | 0 | 6 | | Tennessee | 2022 | 52 | 3 | 4 | 1 | 0 | 0 | 50 | | | 2023 | 50 | 5 | 6 | 0 | 7 | 0 | 42 | | | 2024 | 42 | 2 | 4 | 3 | 2 | 0 | 35 | | Texas | 2022 | 23 | 2 | 1 | 0 | 0 | 0 | 24 | | | 2023 | 24 | 1 | 0 | 0 | 1 | 0 | 24 | | | 2024 | 24 | 1 | 2 | 2 | 2 | 0 | 19 | | UNITED STATES | | | | | | | | | |---|---|---|---|---|---|---|---|---| | State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Nonrenewals | Reacquired by Subfranchisor | Ceased Operations – Other Reasons | Outlets at End of Year | | Utah | 2022 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | | 2023 | 8 | 0 | 0 | 1 | 1 | 0 | 6 | | | 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | Virginia | 2022 | 16 | 2 | 0 | 1 | 0 | 0 | 17 | | | 2023 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | | | 2024 | 17 | 2 | 0 | 0 | 0 | 0 | 19 | | Washington | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | West Virginia | 2022 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | Wisconsin | 2022 | 14 | 3 | 0 | 0 | 0 | 0 | 17 | | | 2023 | 17 | 0 | 0 | 0 | 0 | 2 | 15 | | | 2024 | 15 | 0 | 0 | 0 | 2 | 0 | 13 | | UNITED | 2022 | 546 | 38 | 13 | 16 | 5 | 0 | 550 | | STATES | | | | | | | | | | TOTAL | | | | | | | | | | | 2023 | 550 | 47 | 27 | 22 | 22 | 4 | 522 | | | 2024 | 522 | 26 | 25 | 24 | 25 | 3 | 471 | | CANADA | | | | | | | | | |---|---|---|---|---|---|---|---|---| | Province | Year | Outlets at Start of Year | Outlets Opened | Terminations | Nonrenewals | Reacquired by Subfranchisor | Ceased Operations – Other Reasons | Outlets at End of Year | | Alberta | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 1 | 0 | 1 | | New Brunswick | 2022 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | | | 2023 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | | | 2024 | 7 | 0 | 0 | 0 | 1 | 0 | 6 | | Newfoundland | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | Nova Scotia | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 2 | 0 | 0 | 0 | 0 | 8 | | | 2024 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | | Ontario | 2022 | 22 | 3 | 0 | 0 | 0 | 0 | 25 | | | 2023 | 25 | 5 | 1 | 0 | 3 | 0 | 26 | | | 2024 | 26 | 3 | 0 | 0 | 0 | 0 | 29 | | Prince Edward | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | Island | | | | | | | | | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, across the United States, 25 franchises were reacquired by subfranchisors in 2024. In Canada, one franchise in Alberta and one in New Brunswick were reacquired by subfranchisors during the same year. Therefore, the total number of Exit outlets reacquired from franchisees in 2024 is 27.
When evaluating a franchise, it is essential to consider the rate at which franchises are reacquired, as this can be an indicator of the financial health and stability of the franchise system. A high number of re acquisitions could suggest underlying issues within the franchise network, such as franchisees struggling to maintain profitability or adhere to brand standards.
Prospective Exit franchisees should inquire about the reasons for franchise re acquisitions and closures. Understanding the factors that contribute to these outcomes can provide valuable insights into the challenges and opportunities associated with operating an Exit franchise. It is also important to assess whether the re acquisition rate is consistent with industry averages and to compare Exit's performance to that of its competitors.
By thoroughly examining the data on franchise re acquisitions and closures, prospective franchisees can make informed decisions about whether to invest in the Exit franchise system. This information, combined with other due diligence efforts, can help mitigate risks and increase the likelihood of success as an Exit franchisee.