What is the difference in total assets between 2023 and 2024 for Annex Brands?

According to Annex Brands' 2025 Franchise Disclosure Document, the company's total assets increased from 2023 to 2024. In 2024, Annex Brands had total assets of $18,534,000, while in 2023, the total assets were $16,550,000. This represents an increase of $1,984,000 in total assets from 2023 to 2024.

For a prospective franchisee, this increase in total assets could be a positive indicator of the financial health and growth of Annex Brands. It suggests that the company is accumulating more resources and potentially expanding its operations. This can provide a sense of stability and confidence for individuals considering investing in an Annex Brands franchise.

However, it is important to note that total assets are just one aspect of a company's financial performance. A prospective franchisee should also review other financial statements, such as the income statement and cash flow statement, to get a more comprehensive understanding of Annex Brands' financial position. Additionally, it is advisable to consult with a financial advisor to assess the risks and opportunities associated with investing in an Annex Brands franchise.

Furthermore, while an increase in total assets is generally positive, it is crucial to understand the composition of those assets. Are they primarily liquid assets like cash, or are they tied up in less liquid assets like property and equipment? Understanding the nature of the assets can provide further insights into the company's financial flexibility and its ability to meet its obligations.