What is the estimated cost range for construction services for an Annex Brands Express Retail Center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
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Note 6: The cost for construction services will vary widely depending on the size, condition and location of your standard, flex or express retail center, your lease, and other factors, but typically will be between $50 and $75 per square foot for a standard, flex or express retail center. For a new standard or flex retail center, the constructions services include the purchase and installation of a 24-hour access security gate and digital keypad entry ranging in cost from $10,000 to $15,000. Based on the location and previous
use of the facility, and other factors, a 24-hour access security gate and digital keypad entry may not be required for a new express retail center or if you are converting a qualified existing business to a standard or flex retail center. For a new express retail center, or a conversion standard or flex retail center, the construction services include the purchase and installation of a 24-hour access security gate and digital keypad entry ranging in costs from $0 to $15,000. Our estimate assumes standard development based on a leased facility delivered to you in "vanilla shell" condition. If the leased facility is delivered to you in any condition other than "vanilla shell" (i.e., "grey shell" or other condition), your build-out costs will be higher.
Note 7: We will designate a contractor for your use who is familiar with our requirements. If you use our designated contractor, you do not pay this fee. If you want to use, and we approve, a substitute contractor, you must pay us a construction consultation fee of $2,500 before construction begins. In addition, if your contractor does not supply a 24-hour access security gate and digital keypad entry, you may have to purchase it on your own (see Note 6 above). Any substitute contractor must have a state license and be insured as required by law. See Items 5 and 8 for further detail
Source: Item 7 — Estimated Initial Investment (FDD pages 32–39)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the cost for construction services for an Express Retail Center can vary widely, typically ranging from $50 to $75 per square foot. This estimate depends on factors such as the size, condition, and location of the retail center, as well as the specifics of the lease agreement.
For a new Express Retail Center, construction services may include the purchase and installation of a 24-hour access security gate and digital keypad entry, with costs ranging from $0 to $15,000. The need for this security system depends on the location and previous use of the facility. The estimate provided by Annex Brands assumes standard development based on a leased facility delivered in "vanilla shell" condition.
If the leased facility is not in "vanilla shell" condition (i.e., it is in "grey shell" or another condition), the build-out costs will likely be higher. Annex Brands designates a contractor for franchisees to use, and there is no fee for using this contractor. However, if a franchisee chooses to use a substitute contractor, subject to Annex Brands' approval, a construction consultation fee of $2,500 is required before construction begins. Additionally, if the substitute contractor does not supply the 24-hour access security gate and digital keypad entry, the franchisee may need to purchase it separately.