In 2023, how many Annex Brands outlets were reacquired by the franchisor?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year | Outlets At Start Of Year | Outlets Opened | Outlets Re- Acquired From Franchisees | Outlets Closed | Outlets Sold To Franchisees |
|---|---|---|---|---|---|
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 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, across various tables detailing outlet information by state and year, the number of outlets reacquired by Annex Brands in 2023 was zero. Specifically, the tables provide a breakdown of outlet activities, including openings, terminations, non-renewals, re acquisitions by the franchisor, and closures for other reasons.
For a prospective franchisee, this indicates that Annex Brands did not reacquire any of its franchised locations during that year. This could suggest a stable relationship between the franchisor and its franchisees, or it could reflect a policy where struggling locations are handled through other means, such as closures or transfers to new franchisees, rather than being reacquired by the company.
It is important to note that while the tables provide a comprehensive overview of outlet activity, they do not offer specific reasons for why outlets may have closed or ceased operations. Further due diligence, such as speaking with current and former franchisees, would be essential to gain a deeper understanding of the factors influencing outlet performance and stability within the Annex Brands franchise system.
Additionally, a separate table provides information on outlets re-acquired from franchisees. In 2023, the number of re-acquired locations was zero.