In 2024, how many Annex Brands outlets in Florida ceased operations for other reasons?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operations For Other Reasons | Outlets At End Of Year | |---|---|---|---|---|---|---|---|---| | AR | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | AZ | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | CA | 2022 | 186 | 5 | 0 | 0 | 0 | 2 | 189 | | | 2023 | 189 | 6 | 0 | 0 | 0 | 4 | 191 | | | 2024 | 191 | 6 | 0 | 0 | 0 | 6 | 191 |
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By F
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the number of outlets in Florida that ceased operations for other reasons varies depending on which table is referenced. One table indicates that in 2024, one Annex Brands location in Florida ceased operations for other reasons. However, another table shows zero locations ceased operations for other reasons in 2024. These discrepancies may be due to different reporting methods or the inclusion/exclusion of specific types of franchise agreements in each table.
For a prospective franchisee, this inconsistency highlights the importance of carefully reviewing all sections of the FDD and seeking clarification from Annex Brands regarding any discrepancies. Understanding the reasons behind outlet closures is crucial for assessing the stability and potential risks associated with investing in a franchise. Factors contributing to closures could include poor performance, location issues, or disagreements between the franchisee and franchisor.
To gain a clearer understanding, a potential franchisee should ask Annex Brands to explain the difference in these figures. Specifically, they should inquire about the criteria used to classify an outlet as having 'ceased operations for other reasons' and request a detailed breakdown of the reasons for closures in Florida. This due diligence will help in making an informed decision about investing in an Annex Brands franchise.