What was the total franchise revenue for Exit in 2023?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Franchise revenues: | ||||
| Initial franchise fees | $ 90,956 | $ 104,355 | $ 107,263 | |
| Franchise commission | 396,513 | 575,252 | 748,794 | |
| Assignment income | 15,132 | 11,181 | 10,282 | |
| Total franchise revenues | $ 502,601 | $ 690,788 | $ 866,339 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the total franchise revenue for the year ending December 31, 2023, was $690,788. This total is derived from three components: initial franchise fees, franchise commissions, and assignment income. Understanding the breakdown of these revenue streams can provide prospective franchisees with insights into how Exit generates income from its franchise system.
The largest portion of the 2023 franchise revenue came from franchise commissions, which amounted to $575,252. Initial franchise fees contributed $104,355, while assignment income accounted for $11,181. Assignment income is revenue derived from the transfer of rights or obligations under an existing franchise agreement from one franchisee to another, or from the transfer of ownership interests in a franchisee entity.
It's important to note that these figures represent the revenue recognized by Exit during the specified period and may not directly correlate with the gross sales of individual franchisees. Franchisees should consider these revenue figures in conjunction with other financial data and disclosures in the FDD to assess the overall financial health and stability of the Exit franchise system. Reviewing trends across multiple years (2022-2024) can also provide a more comprehensive understanding of Exit's revenue performance.