In 2022, how many Annex Brands outlets in Florida were sold to franchisees?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets At Start Of Year | Outlets Opened | Outlets Re- Acquired From Franchisees | Outlets Closed | Outlets Sold To Franchisees | Outlets At End Of Year |
|---|---|---|---|---|---|---|---|
| FL | 2022 | 1 | 0 | 0 | 0 | 1 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 2022 | 1 | 0 | 0 | 0 | 1 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, in 2022, one Annex Brands outlet in Florida was sold to a franchisee. The table provided in Item 20 outlines the changes in outlet numbers over the years. At the start of 2022, there was one outlet in Florida. During 2022, one outlet was sold to a franchisee, and no new outlets were opened, re-acquired, or closed, resulting in zero outlets at the end of the year.
This indicates a transfer of ownership from one franchisee to another within the Annex Brands system in Florida during that year. For a prospective franchisee, this information is useful for understanding the dynamics of outlet ownership changes within specific states. It provides insight into the frequency of franchisee turnover and the potential opportunities to acquire existing businesses rather than starting from scratch.
It's important to note that this data only reflects the number of outlets sold to franchisees and does not provide information on the reasons for the sale. A prospective franchisee should further investigate the performance and history of outlets being sold to make informed decisions. Understanding the reasons behind such sales can offer valuable insights into the health and stability of the franchise system in specific regions.