What is the minimum office space requirement for an Exit franchise in a low-density area?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | The following information is deemed a part of the EXIT Realty Corp. Franchise Agreement between Subfranchisor and the party identified below dated [date from page 1 of franchise agreement], 20 | |
|---|---|---|
| 2. | The name of this territory is | |
| 3. | The grid population for this territory type grid (Rural/low/medium or high density. Please indicate) | is making this a |
| 4. | The minimum office space requirement shall be: | |
| a) | ||
| Rural density – | ||
| 750 | ||
| square feet | ||
| b) | ||
| Low density – | ||
| 1,000 square feet | ||
| c) | ||
| Medium density – | ||
| 1,500 square feet | ||
| d) | ||
| High density – | ||
| 2,000 square feet |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the minimum office space requirement for a low-density territory is 1,000 square feet. The FDD outlines minimum office space requirements based on the density of the territory, ranging from 750 square feet in rural areas to 2,000 square feet in high-density areas. This requirement ensures that franchisees have adequate space to conduct their business operations effectively.
Exit requires franchisees to open and operate an office within their protected territory within 120 days of signing the Franchise Agreement. The franchisee must select a location and submit it to the subfranchisor for approval, which cannot be unreasonably withheld. The subfranchisor has 30 days to notify the franchisee of their decision. Franchisees are responsible for complying with all local ordinances and obtaining necessary permits, equipment, signs, and supplies to furnish the office.
Failure to select an office site, disagreement on a site between the franchisee and subfranchisor, or failure to open the office within the specified timeframe may result in the Franchise Agreement being declared null and void. In such cases, the initial franchise fee and other amounts paid to the subfranchisor or franchisor will not be returned. This underscores the importance of securing and preparing an appropriate office space promptly after entering into the franchise agreement with Exit.
In addition to meeting the minimum square footage requirements, the Exit franchise office must be equipped with furniture, an administrator, phones, and office equipment, including a computer, specific software, and a fax machine, necessary to conduct the franchise in accordance with the Exit system. All costs associated with acquiring, leasing, and operating the franchise office are the sole responsibility of the franchisee.