Are the Exit Realty Upper Midwest financial statements for the same years as the Exit financial statements?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit F are EXIT Realty Upper Midwest's audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. Also attached as part of Exhibit F are EXIT's audited financial statements for the fiscal years ending December 31, 2022, December 31, 2023, and December 31, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the financial statements for Exit Realty Upper Midwest and Exit's financial statements are for the same years. Both sets of audited financial statements included in Exhibit F are for the years ending December 31, 2022, December 31, 2023, and December 31, 2024.
Having comparable financial statement years allows prospective franchisees to review the financial performance of both the parent company and the subfranchisor over the same period. This can be useful for comparing financial trends and assessing the overall financial health of the Exit organization.
It is important for potential franchisees to carefully review and compare the complete financial statements of both Exit Realty Upper Midwest and Exit, including the notes to the financial statements, to gain a comprehensive understanding of their financial condition and performance. This review should be part of a thorough due diligence process before making any investment decisions.