Are Exit Realty Upper Midwest's financial statements presented separately from Exit's financial statements?

According to Exit's 2025 Franchise Disclosure Document, the financial statements for Exit Realty Upper Midwest are presented separately from those of Exit Realty Corp. International. Specifically, Exhibit F includes audited financial statements for both Exit Realty Upper Midwest and Exit Realty Corp. International for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. This indicates that the financial performance and position of each entity are reported independently.

For a prospective franchisee, this separation of financial statements provides a clearer picture of the financial health and performance of the subfranchisor (Exit Realty Upper Midwest) compared to the overall Exit Realty corporation. This distinction is important because the subfranchisor is the entity that the franchisee will be directly dealing with, and its financial stability can impact the support and services it can provide.

Having audited financial statements for both entities adds a layer of credibility and assurance, as these statements have been reviewed by an independent auditor. This can help potential franchisees make a more informed decision by assessing the financial risks and opportunities associated with investing in an Exit Realty franchise within the Upper Midwest region. Reviewing both sets of financials will allow a franchisee to understand the financial relationship between the franchisor and subfranchisor.