What was the total number of Exit franchise transfers in 2023?
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, the total number of franchise transfers in 2023 was 27. This figure represents the total number of existing Exit franchises that were sold to new owners during that year.
Franchise transfers can occur for various reasons, such as a franchisee retiring, selling their business for personal reasons, or not meeting the franchisor's standards. A high number of transfers could indicate instability within the franchise system, while a low number might suggest franchisee satisfaction and business success. However, it is important to consider the overall size of the franchise system when evaluating the transfer rate.
For a prospective Exit franchisee, understanding the transfer rate and the reasons behind transfers can be valuable in assessing the health and stability of the franchise system. It is advisable to inquire about the reasons for transfers and the support Exit provides to franchisees during the transfer process.