What is the principal business address of the Exit Realty Upper Midwest subfranchisor?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Subfranchisor is Upper Midwest Realty, Inc., d/b/a EXIT Realty Upper Midwest, a Minnesota corporation with its principal offices located at 20765 Holyoke Ave, Lakeville, MN 55044, ("EXIT Realty Upper Midwest"). EXIT Realty Upper Midwest is a privately held entity and is not affiliated with EXIT. Exhibit B lists the state agencies also authorized to receive service of process. EXIT Realty Upper Midwest has been in the business of selling real estate franchises since August 9th 2013. EXIT Realty Upper Midwest has no predecessors. EXIT Realty Upper Midwest has never offered franchises in other lines of business.
Source: Item 1 — THE FRANCHISOR AND SUBFRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–8)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the principal office of the subfranchisor, Upper Midwest Realty, Inc., doing business as EXIT Realty Upper Midwest, is located at 20765 Holyoke Ave, Lakeville, MN 55044. EXIT Realty Upper Midwest is not affiliated with EXIT and has been selling real estate franchises since August 9, 2013.
Prospective franchisees should note that their contractual relationship will be solely with EXIT Realty Upper Midwest, and they must look to them for performance under the Franchise Agreements. EXIT Realty Upper Midwest operates as an independent contractor and not as an agent of EXIT.
Understanding the subfranchisor's location and business history is crucial for potential franchisees as it provides insight into the regional support and services they can expect. Franchisees should also be aware of the legal and regulatory compliance required in their specific state, as recommended by EXIT Realty Upper Midwest.