How many Exit Upper Midwest franchise outlets were operating at the start of 2023?
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 89 franchise outlets operating in the Upper Midwest region at the start of 2023. The Upper Midwest region includes Iowa, Illinois, Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin. This number reflects the total number of Exit franchises open and operating in those states as of January 1, 2023.
It is important to note that this figure represents the number of outlets at the start of the year. The number of outlets can change throughout the year due to various factors, such as new openings, closures, transfers, or non-renewals. For example, the table shows that the number of Exit franchise outlets in the Upper Midwest decreased by one during 2023, ending the year with 88 locations.
A prospective Exit franchisee in the Upper Midwest should consider these figures in the context of their local market. While the overall number of franchises in the region provides a general indication of Exit's presence, the success of an individual franchise will depend on local market conditions, competition, and the franchisee's own efforts. Reviewing the performance of existing Exit franchises in nearby areas could provide valuable insights.
It would also be prudent for potential franchisees to inquire about the reasons for the net change in outlet numbers. Understanding why outlets closed or were transferred can provide a more nuanced picture of the health and stability of the Exit franchise system in the Upper Midwest.