How much revenue did Exit recognize during the year 2022?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues recognized over time: | |||
| Franchise sales and renewals | $ 374,466 | $ 432,411 | $ 431,299 |
| Regional development rights and | |||
| renewals | 493,549 | 946,819 | 496,281 |
| Annual membership fees | 4,579,962 | 4,750,812 | 5,048,225 |
| Software and training fees | 1,642,339 | 1,643,027 | 1,710,816 |
| Ancillary revenue | 443,377 | 453,825 | 532,289 |
| Revenues recognized at a point in time: | |||
| Convention income | 912,823 | 750,324 | 1,114,051 |
| Transaction and development fees | 6,974,711 | 6,981,403 | 8,395,365 |
| Other miscellaneous income | - | 33,171 | 130,067 |
| $ 15,421,227 | $ 15,991,792 | $ 17,858,393 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the company recognized total revenues of $17,858,393 during the year 2022. This revenue is derived from several sources, including franchise sales and renewals, regional development rights and renewals, annual membership fees, software and training fees, ancillary revenue, convention income, transaction and development fees, and other miscellaneous income.
Specifically, Exit's revenue streams include $431,299 from franchise sales and renewals, $496,281 from regional development rights and renewals, $5,048,225 from annual membership fees, and $1,710,816 from software and training fees. Additionally, Exit generated $532,289 from ancillary revenue, $1,114,051 from convention income, $8,395,365 from transaction and development fees, and $130,067 from other miscellaneous income during 2022.
Prospective franchisees should note that these figures represent the total revenue recognized by Exit as a company and are not indicative of an individual franchisee's potential earnings. Understanding the different revenue streams and their relative contributions can provide valuable insight into Exit's business model and overall financial health. Franchisees earn revenue through commissions and transaction fees, which are recognized when the franchisee earns the revenue and collectability is reasonably assured.