Are Exit Realty Upper Midwest's financial statements consolidated with Exit's financial statements?

According to Exit's 2025 Franchise Disclosure Document, Exhibit F includes both Exit Realty Upper Midwest's and Exit's audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. This means that the financial performance and position of both entities are presented separately within the exhibit.

This is a common practice in franchising, as it allows prospective franchisees to review the financial health of both the specific subfranchisor they are dealing with (Exit Realty Upper Midwest in this case) and the overall Exit parent company. By providing separate audited statements, Exit offers greater transparency into each entity's financial standing.

As a prospective franchisee, it is important to carefully analyze both sets of financial statements. Reviewing Exit Realty Upper Midwest's financials will provide insight into the subfranchisor's ability to support franchisees in its region, while examining Exit's financials will offer a broader view of the franchise system's overall stability and growth potential.