EXIT Realty Franchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
EXIT Realty is a residential real-estate brokerage franchise known for its residual, sponsoring-agent compensation model. Franchisees run offices recruiting and supporting agents, earning from per-transaction fees and agent production.
FranchiseVerdict summary · 2026
A EXIT Realty franchise requires a total initial investment of $75K – $216K, including a $22K – $32K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $75K – $216K
- 58th pct Real Estate
- Avg gross sales
- N/A
- Royalty
- N/A
- Units
- 518
- 83rd pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $75K – $216K including a $22K franchise fee.
- RETURNSEXIT Realty Corp. International (franchisor) consolidated statements of operations. Revenue $15,421,227 (2024), $15,991,792 (2023), $17,858,393 (2022). Going-concern doubt noted; net income $70,717 driven by $2.1M gain on sale of property offsetting $1.15M loss from operations. Subfranchisor (JOSVLA INC. / EXIT NY METRO) also separately audited in Exhibit F.
- RISKVerdict C (Average), verdict score 50/100 (higher is better).
- FLAGAuditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- EXIT Realty Corp. International
- Parent company
- EXITUS Holdings Inc.
- Predecessor
- of Subfranchisor
- Prior franchisor entity
- CEO title
- C.E.O. – U.S. Division
- Craig Witt
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Ontario, Canada
- HQ
- 400 TradeCenter, Suite 5900, Woburn, Massachusetts 01801
- Auditor
- Aprio, LLP
- Audited financials
- Franchisor revenue
- $15.4M
- vs $16.0M prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
- CEO
- Craig Witt
- Headquarters
- MA
- Founded
- 1995
- FDD year
- 2025
- States available
- 45
Can you afford it, and what does the money buy?
Entry cost runs 32% below the typical real estate franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $22K | $22K |
| Working capital (3–6 mo) | $20K | $70K |
| Equipment, build-out, other | $33K | $124K |
| Total initial investment | $75K | $216K |
Source: EXIT Realty 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $75K – $216K
- Middle of category vs category
- Liquid capital req'd
- $20K – $70K
- Bottom third — review vs category
- Franchise fee
- $22K – $32K
- Top 40% of category vs category
- Royalty
- Transaction Fee of $50–$400 per transaction side (based o…
- Ad fund
- Portion of each Transaction Fee allocated to U.S. Adverti…
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $250 |
| Transfer fee | $8K |
| Renewal fee | $3K |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
EXIT Realty did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one EXIT Realty unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
55%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
EXIT Realty Corp. International (franchisor) consolidated statements of operations. Revenue $15,421,227 (2024), $15,991,792 (2023), $17,858,393 (2022). Going-concern doubt noted; net income $70,717 driven by $2.1M gain on sale of property offsetting $1.15M loss from operations. Subfranchisor (JOSVLA INC. / EXIT NY METRO) also separately audited in Exhibit F.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System contracting at -12.5% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Real Estate averages
How EXIT Realty Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 518
- Opened
- 29
- Last reporting year
- Closed
- 25
- Turnover rate
- 10.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -12.5%
- Net unit change over 3 years
- 3-yr CAGR
- -12.5%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 29
- Closed (3yr)
- 3
- Terminated (3yr)
- 25
- Non-renewed (3yr)
- 24
- Transfers (3yr)
- 30
- Reacquired (3yr)
- 27
- Franchisor bought back
- Transfer rate
- 5.8%
- Owners selling to other franchisees
- Termination rate
- 9.5%
- Franchisor-initiated terminations
- Ceased ops
- 0.8%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 43 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Illinois
- Michigan
- South Dakota
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- $788K
- Median loan
- $45K
- 50th percentile
- Charge-off rate
- N/A
- limited sample (6 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
The auditor flagged going-concern doubt (Item 21) — the single biggest risk here.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
⚠ Grade capped at C: the auditor disclosed a going-concern note (FDD Item 21). The verdict score reflects the underlying financials before that cap.
EXIT Realty presents elevated risk due to contracting unit base, undisclosed financials, active litigation including antitrust exposure, and variable transaction-based fee structure that obscures true earnings potential.
Litigation (Item 3)
1 subfranchisor case (Everyday Grace LLC v. Josvla Inc.); 5 franchisor cases including Evans v. EXIT (commission dispute, settled as to EXIT), 71353 Newfoundland v. EXIT (breach of contract $2.5M claim), McFall v. Canadian REA et al. (MLS buyer brokerage class action), Gibson v. NAR et al. (U.S. MLS commissions class action), Wallerstein v. EXIT (robocall TCPA class action)
Largest disclosed settlement: $1,500,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Aprio, LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 50 / 100 verdict
- 01MINORUnit count declining 8.8% YoY (518 units) indicates shrinking franchise system and potential market saturation or franchisee dissatisfaction
- 02MEDNo Item 19 financial performance disclosure (Avg Revenue and Net Income not disclosed) prevents validation of actual earning potential and ROI
- 03HIGHMultiple active litigations including breach of contract, tortious interference, and commission disputes suggest franchisor-franchisee relationship tensions and possible operational/contractual issues
- 04MEDInvolvement in industry-wide antitrust class actions regarding real estate commission practices creates regulatory and reputational risk that could impact franchisee operations and brand value
- 05MINORTransaction-based fee model ($50-$400 per side) creates unpredictable revenue stream dependent on agent productivity and market conditions; no baseline guaranteed income
- 06MINOR5-year term is relatively short, creating uncertainty in long-term viability and capital recovery timeline for $75K-$216K investment
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 20,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | No |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | No |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Arbitration location | Nassau County, NY (litigation) |
| Jury trial waiver | No |
| Governing law | NY |
| Litigation count | 6 |
View Item 3 litigation summary
1 subfranchisor case (Everyday Grace LLC v. Josvla Inc.); 5 franchisor cases including Evans v. EXIT (commission dispute, settled as to EXIT), 71353 Newfoundland v. EXIT (breach of contract $2.5M claim), McFall v. Canadian REA et al. (MLS buyer brokerage class action), Gibson v. NAR et al. (U.S. MLS commissions class action), Wallerstein v. EXIT (robocall TCPA class action)
Items 10, 11
Training & Operations
- Classroom training
- 26 hrs
- On-the-job training
- 0 hrs
- Training location
- Mississauga, Ontario, Canada or Atlanta, Georgia (also online)
- Ongoing training
- Required
- Time to open
- 2 mo
- From signing to launch
- Site selection
- Franchisee selects subject to Subfranchisor review and consent
- Franchisor financing
- Not offered
- Item 10
- POS system
- MEMO
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: MEMO
Item 20 · call current owners
Franchisee Contacts
452 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
EXIT Realty · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a EXIT Realty franchise?
The total investment to open a EXIT Realty franchise ranges from $75K – $216K, with an initial franchise fee of $22K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do EXIT Realty franchise owners earn?
EXIT Realty does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the EXIT Realty FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the EXIT Realty FDD and qualifies whose outlets they describe.
What is EXIT Realty's franchise failure rate?
SBA 7(a) loan charge-off data is not available for EXIT Realty (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many EXIT Realty franchise locations are there?
As of their most recent FDD filing, EXIT Realty has 518 total units in the United States, including 518 franchised units and 0 company-owned units. 29 new units were opened in the latest reporting year.
Is EXIT Realty a good franchise to buy?
FranchiseVerdict rates EXIT Realty as a C-grade franchise with a verdict score of 50 out of 100 (higher is better), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.