What is the minimum office space requirement for an Exit franchise in a rural 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 rural density territory is 750 square feet. The FDD specifies different minimum square footage requirements based on the density of the territory, with higher density areas requiring larger office spaces. This requirement is part of the Franchise Agreement and is deemed important by Exit.
Exit requires franchisees to have an office space to conduct business. The size of the office space is determined by the density of the territory. For a rural density territory, the minimum office space requirement is 750 square feet. This space must be equipped with the necessary furniture, administrator, phones, and office equipment, including a computer, specific software, and a fax machine, to conduct the franchise in accordance with Exit's system.
It is important to note that the franchisee is solely responsible for all costs associated with acquiring, leasing, and operating the franchise office. Furthermore, Exit must approve the location of the franchise office, and the franchisee must comply with all local ordinances and obtain all necessary permits. Failure to secure an office site or open the office within 120 days after signing the Franchise Agreement may result in the agreement being declared null and void, without any refund of the initial franchise fee or other amounts paid to Exit.