Exit Factor™, a prominent name in business value enhancement and exit planning, has announced the signing of five new franchise agreements along with an expansion of its corporate team. This strategic growth significantly amplifies Exit Factor's presence in the U.S., with a new location set to open in Dallas, Texas, and additional expansions into New York, New Jersey, Minnesota, and Florida. This brings the total number of franchise agreements signed this year to 15.
The expansion reflects the increasing demand for Exit Factor's specialized services, which help business owners maximize their company's value and plan successful exits. This is a testament to the company's accelerated development efforts since it launched its franchise program just last year. By signing these new agreements, Exit Factor aims to bring its proven methodologies and expert guidance to more entrepreneurs nationwide.
Jessica Fialkovich, founder and President of Exit Factor, expressed enthusiasm about the expansion, stating, "We're thrilled to welcome our new franchisees and expand Exit Factor's reach into these dynamic markets. Our mission has always been to empower business owners with the knowledge and strategies they need to build valuable, exit-ready companies. This expansion allows us to support even more entrepreneurs in achieving their long-term goals and securing their financial futures."
To support this rapid growth, Exit Factor has also bolstered its corporate team. Chloe Martin has been hired as Communications Manager, Melissa Nunez has been promoted to Director of Operations, and Thomas McKeen has been elevated to Development Director. Fialkovich noted, "As we continue to grow, it's crucial that we have the right team in place to support our franchisees and maintain the high standards of service our clients expect. Chloe, Melissa, and Thomas bring valuable skills and experience that will be instrumental in our next phase of growth."
The swift expansion of Exit Factor's franchise network underscores the attractiveness of its business model. Franchisees benefit from a proven system, comprehensive training, and ongoing support in a high-demand industry. Diane Warsoff, owner of Exit Factor of SLC & Utah County, who purchased the company's first franchise territory in late 2023, has been a key player in this growth. Her success in Salt Lake City has not only established Exit Factor as a leading resource in the local business community but also earned her the Pioneer Award at United Franchise Group's World Expo.
Warsoff remarked, "Joining Exit Factor as its first franchisee has been an incredible journey. The support and systems provided by the Exit Factor team have been instrumental in my success. There's a real need for these services in every market, and I'm proud to be part of a network that's making a significant impact on local business communities."
New Exit Factor locations in Texas, New York, New Jersey, Minnesota, and Florida are set to commence operations in the coming months. The brand anticipates continued momentum, projecting 10 more franchise agreements to be signed by the end of 2024. Fialkovich added, "Our projected growth for the remainder of this year and into 2025 reflects the strong demand for our services and the appeal of our franchise opportunity. We're excited to continue our expansion and bring Exit Factor's valuable expertise to business owners across the country."
Exit Factor's comprehensive suite of services includes business valuation, value enhancement strategies, exit planning, and succession planning. The company's proven track record in assisting business owners to increase their company's value and achieve successful exits has made it a trusted name in the industry. Part of the United Franchise Group (UFG) family, Exit Factor benefits from the resources and expertise of a global network with nearly four decades of experience in the franchising industry.
