When was EXIT Realty Corp. International formed?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
EXIT Realty Corp. International, a C corporation (the "Company"), was formed on October 20, 1995,under the laws of the Province of Ontario. The Company is a real estate franchisor that sells regions in the United States of America and Canada. Revenues are generated from transaction and development fees, sale of franchises, franchisee annual membership fees, convention income and software and training fees.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, EXIT Realty Corp. International was formed on October 20, 1995, under the laws of the Province of Ontario. It is structured as a C corporation. Exit functions as a real estate franchisor, generating revenue through various streams, including transaction and development fees, franchise sales, annual franchisee membership fees, convention income, and software and training fees.
In addition to EXIT Realty Corp. International, the document mentions other related entities. EXIT Realty Corp. USA, incorporated in Massachusetts, is a wholly-owned subsidiary of EXIT Realty Corp. International. Ah$um America, Inc., also a wholly-owned subsidiary in Massachusetts, manages ancillary services for both EXIT Realty Corp. International and EXIT Realty Corp. USA. EXIT Realty Pacific West, LLC, a subsidiary of EXIT Realty Corp. USA, was incorporated in 2020.
The consolidated financial statements include the accounts of EXIT Realty Corp. International and its subsidiaries, with intercompany balances and transactions eliminated during consolidation. The company also addresses non-controlling interests in subsidiaries where it has control but not full ownership. These details provide a glimpse into the corporate structure of Exit and its related entities.