Who is the Subfranchisor for Exit Realty Upper Midwest franchises?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this Disclosure Document, "EXIT" means EXIT Realty Corp. International, the Franchisor. "EXIT Realty Upper Midwest," "we," "us" and similar words mean Upper Midwest Realty, Inc., a Minnesota Corporation, doing business as EXIT Realty Upper Midwest, the Subfranchisor. "You" means the individual or entity that purchases the Franchise. If you form a corporation, partnership or other organization, the reference to "You" may include the organization's owners.
Subfranchisor
Subfranchisor is Upper Midwest Realty, Inc., d/b/a EXIT Realty Upper Midwest, a Minnesota corporation with its principal offices located at 20765 Holyoke Ave, Lakeville, MN 55044, ("EXIT Realty Upper Midwest"). EXIT Realty Upper Midwest is a privately held entity and is not affiliated with EXIT. Exhibit B lists the state agencies also authorized to receive service of process. EXIT Realty Upper Midwest has been in the business of selling real estate franchises since August 9th 2013. EXIT Realty Upper Midwest has no predecessors. EXIT Realty Upper Midwest has never offered franchises in other lines of business.
Source: Item 1 — THE FRANCHISOR AND SUBFRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–8)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the subfranchisor for Exit Realty Upper Midwest is Upper Midwest Realty, Inc., which operates under the name EXIT Realty Upper Midwest. It is a Minnesota corporation with its principal offices located at 20765 Holyoke Ave, Lakeville, MN 55044. The FDD clarifies that references to "EXIT Realty Upper Midwest," "we," "us," and similar terms refer to Upper Midwest Realty, Inc.
The Exit FDD also specifies that EXIT Realty Upper Midwest is not affiliated with EXIT Realty Corp. International, the franchisor. This distinction is important for prospective franchisees to understand, as their contractual relationship will be solely with EXIT Realty Upper Midwest, and they must look to them for performance under the Franchise Agreements.
EXIT Realty Upper Midwest has been selling real estate franchises since August 9, 2013, and has no predecessors. The document emphasizes that EXIT Realty Upper Midwest has never offered franchises in any other lines of business, focusing exclusively on real estate franchises. This information helps potential franchisees understand the subfranchisor's experience and focus within the real estate sector.