What is the deadline for opening an Annex Brands retail center after signing the franchise agreement?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
If you do not locate an acceptable site for your retail center within 365 days after you sign the franchise agreement, or if you do not open your retail center within 365 days after you sign the franchise agreement (except for delays caused by us or the site owner), we may terminate the franchise.
Source: Item 5 — Initial Fees (FDD pages 18–24)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, a franchisee has 365 days from the date of signing the franchise agreement to open their retail center. Failure to open the retail center within this timeframe may result in Annex Brands terminating the franchise agreement. However, this deadline is subject to exceptions for delays caused by Annex Brands or the site owner.
This requirement ensures that franchisees promptly establish and begin operating their Annex Brands location. It aligns with the franchisor's interest in maintaining brand consistency and market presence. The one-year timeframe provides franchisees with a reasonable period to secure a location, complete build-out, and prepare for opening.
It is important to note that if the franchisee fails to secure an acceptable site within 365 days, Annex Brands also has the right to terminate the agreement. Prospective franchisees should carefully consider their ability to meet this deadline, taking into account local real estate market conditions, construction timelines, and other potential delays. Franchisees should maintain open communication with Annex Brands throughout the site selection and build-out process to address any challenges that may arise.