What was the total number of Exit franchise transfers in 2022?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Ohio | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Oregon | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Rhode Island | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| South Dakota | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| Tennessee | 2022 | 3 |
| 2023 | 2 | |
| 2024 | 4 | |
| Texas | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Utah | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Virginia | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Wisconsin | 2022 | 3 |
| 2023 | 5 | |
| 2024 | 0 | |
| TOTALS | 2022 | 21 |
| 2023 | 27 | |
| 2024 | 30 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 31–42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, there were a total of 21 franchise transfers in 2022. This number reflects the total transfers across all states listed in the provided table. Franchise transfers occur when an existing franchisee sells their franchise to a new owner, which can happen for various reasons, such as retirement, relocation, or a change in business interests. These transfers represent changes in ownership within the Exit franchise system.
For a prospective Exit franchisee, understanding the number of transfers can provide insights into the stability and desirability of the franchise. A high number of transfers might indicate potential issues with franchisee profitability or satisfaction, while a low number could suggest a stable and successful franchise system. However, it's important to consider the context behind these numbers, as transfers can also be due to personal circumstances of the franchisees.
It is also important to note that the FDD provides transfer data by state, allowing prospective franchisees to see transfer activity in specific geographic areas. For example, in 2022, Ohio saw 1 transfer, Tennessee saw 3 transfers, Texas saw 1 transfer, and Wisconsin saw 3 transfers. Reviewing these state-specific numbers can help a potential franchisee assess the transfer activity in their target market. This information is valuable for understanding the dynamics of franchise ownership within the Exit system and evaluating the potential risks and opportunities associated with investing in a franchise.