What states are included in the Upper Midwest region for Exit franchise reporting?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Franchise Agreements Signed But Outlet Not Opened | Projected New Franchised Outlet in Next Fiscal Year | Projected New Company Owned Outlets in Next Fiscal Year |
|---|---|---|---|
| Upper Midwest | 4 | 9 | 0 |
| (IA,IL,MI,MN,ND,SD,WI) |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the Upper Midwest region includes Iowa, Illinois, Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin. This regional breakdown is used by Exit for reporting purposes related to franchise performance, such as the number of transfers, outlets opened and closed, and projected new outlets. This information is relevant to potential franchisees as it provides a geographical context for understanding franchise trends and activities.
Specifically, the FDD uses this regional categorization in Item 20 to present data on various aspects of the Exit franchise system. This includes the number of franchise agreements signed but outlets not yet opened, the projection of new franchised and company-owned outlets, the number of transfers, and the count of outlets at the start and end of the year. By grouping these states together, Exit aims to provide a consolidated view of performance and development within this specific area.
Prospective franchisees should note that regional performance can vary significantly. While the FDD provides an overview, it is crucial to investigate further into the specific market conditions and competitive landscape within each state. Understanding the dynamics of the Upper Midwest region can help franchisees better assess the opportunities and challenges associated with operating an Exit franchise in this area.