What was the total value of Exit's regional rights in 2024?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues recognized over time: | |||
| Franchise sales and renewals | $ 374,466 | $ 432,411 | $ 431,299 |
| Regional development rights and | |||
| renewals | 493,549 | 946,819 | 496,281 |
| Annual membership fees | 4,579,962 | 4,750,812 | 5,048,225 |
| Software and training fees | 1,642,339 | 1,643,027 | 1,710,816 |
| Ancillary revenue | 443,377 | 453,825 | 532,289 |
| Revenues recognized at a point in time: | |||
| Convention income | 912,823 | 750,324 | 1,114,051 |
| Transaction and development fees | 6,974,711 | 6,981,403 | 8,395,365 |
| Other miscellaneous income | - | 33,171 | 130,067 |
| $ 15,421,227 | $ 15,991,792 | $ 17,858,393 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the revenue recognized for regional development rights and renewals in 2024 was $493,549. This reflects the income Exit received from granting and renewing regional development rights within its franchise system during that year.
For a prospective franchisee, this figure indicates the demand and value associated with acquiring regional development rights from Exit. It suggests the potential income Exit generates from subfranchising activities, which could be an appealing factor for those considering becoming subfranchisors themselves. Understanding this revenue stream can help potential franchisees assess the overall financial health and growth prospects of the Exit franchise system.
It's important to note that this figure represents only the revenue from regional development rights and renewals, and doesn't include other sources of income for Exit, such as franchise sales, membership fees, or transaction fees. A comprehensive understanding of Exit's financial performance would require analyzing all revenue streams and associated expenses.