How much revenue did Exit recognize during the year 2023?
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 $15,991,792 in 2023. 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 recognized over time include $432,411 from franchise sales and renewals, $946,819 from regional development rights and renewals, $4,750,812 from annual membership fees, $1,643,027 from software and training fees, and $453,825 from ancillary revenue. Revenue streams recognized at a point in time include $750,324 from convention income, $6,981,403 from transaction and development fees, and $33,171 from other miscellaneous income.
Prospective franchisees should note that these figures represent the total revenue recognized by Exit as a company. Individual franchisee revenue will vary based on factors such as location, market conditions, and the franchisee's business acumen. Reviewing Exit's financial statements can provide valuable insights into the company's overall financial health and revenue generation capabilities, which can be a useful factor when considering whether to invest in an Exit franchise.