What was Exit's revenue in 2024?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues recognized over time: | |||
| Franchise sales and renewals | $ 374,466 | $ 432,411 | $ 431,299 |
| Regional development rights and | |||
| renewals | 493,549 | 946,819 | 496,281 |
| Annual membership fees | 4,579,962 | 4,750,812 | 5,048,225 |
| Software and training fees | 1,642,339 | 1,643,027 | 1,710,816 |
| Ancillary revenue | 443,377 | 453,825 | 532,289 |
| Revenues recognized at a point in time: | |||
| Convention income | 912,823 | 750,324 | 1,114,051 |
| Transaction and development fees | 6,974,711 | 6,981,403 | 8,395,365 |
| Other miscellaneous income | - | 33,171 | 130,067 |
| $ 15,421,227 | $ 15,991,792 | $ 17,858,393 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the company's total revenue for 2024 was $15,421,227. This revenue is derived from several sources, including franchise sales and renewals ($374,466), regional development rights and renewals ($493,549), annual membership fees ($4,579,962), software and training fees ($1,642,339), ancillary revenue ($443,377), convention income ($912,823), and transaction and development fees ($6,974,711). There was no revenue listed for other miscellaneous income.
When evaluating the revenue streams, it's important to note that Exit recognizes revenue both over time and at a specific point in time. Revenues recognized over time include franchise sales and renewals, regional development rights and renewals, annual membership fees, software and training fees, and ancillary revenue. Revenues recognized at a point in time include convention income, and transaction and development fees. Understanding the timing of revenue recognition is crucial for assessing the stability and predictability of Exit's income.
Comparing Exit's 2024 revenue to previous years, the FDD indicates a slight decrease from 2023 ($15,991,792) and 2022 ($17,858,393). Prospective franchisees should investigate the reasons for this trend and consider whether it reflects broader market conditions or specific challenges within the Exit franchise system. Further due diligence into these revenue streams and their trends would be beneficial for any potential franchisee.