Is there a specific address to which the Exit FDD receipt acknowledgement must be sent?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
EXIT Realty Upper Midwest authorizes the respective state agencies identified on Exhibit B to receive service of process for it in the particular state.
I received the Disclosure Document dated April 30th 2025, that included the following Exhibits:
| EXHIBIT A-1 | REQUEST FOR CONSIDERATION | |------------------|------------------------------------------------------| | EXHIBIT A-2 | FRANCHISE AGREEMENT | | EXHIBIT A-3 | SALES REPRESENTATIVE AGREEMENT (SAMPLE) | | EXHIBIT B | STATE FRANCHISOR ADMINISTRATORS | | EXHIBIT C | TABLE OF CONTENTS OF TRAINING MANUALS | | EXHIBIT D/D | LIST OF OPEN FRANCHISES/LIST OF FRANCHISE AGREEMENTS | | 1 | SIGNED BUT NOT OPENED | | EXHIBIT E/E | DISCONTINUED FRANCHISES/TRANSFERRED FRANCHISES | | 1 | | | EXHIBIT F | FINANCIAL STATEMENTS | | EXHIBIT G | RECEIPTS | THIS RECEIPT MUST BE SIGNED BY AN OFFICER OF THE CORPORATION, THE GENERAL PARTNERS OF A PARTNERSHIP, THE MEMBERS OF A LIMITED LIABILITY COMPANY OR ANY INDIVIDUAL RECEIVING A COPY OF THE DISCLOSURE DOCUMENT.
PROSPECTIVE FRANCHISEE:
| Signature | |
|---|---|
| Date | (Print or Type Name of Person, Corporation, Partnership or Limited Liability Company) Name |
You may return the signed Receipt either by signing, dating and m
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, a prospective franchisee can return the signed receipt either by mailing it to EXIT Realty Upper Midwest PO Box 1431, Lakeville, MN 55044, or by scanning and e-mailing a copy to info@exitumw.com. This receipt confirms that the franchisee received the FDD.
Exit Realty Upper Midwest is identified as the Subfranchisor, with a physical address of 20765 Holyoke Ave, Lakeville, MN 55044, and a telephone number of (651) 560-3234. The document also lists Willard Pankonin and Cade Pankonin, both with the same address as Exit Realty Upper Midwest, as franchise sellers.
The FDD emphasizes the importance of carefully reading the disclosure document and all related agreements. It also notes that failure to deliver the Disclosure Document on time, or if it contains false, misleading, or materially omissive statements, may constitute a violation of federal and state law, which should be reported to the Federal Trade Commission and the relevant state agency.