What is the estimated range for the cost of package lockers for an Annex Brands franchise?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure (1) | Amount (2) | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial franchise fee (3) | $35,000 | Lump sum | On signing franchise agreement | Us |
| Fixtures | $40,000 - $50,000 | Lump sum | Before opening | Us |
| Mailboxes | $14,000 - $16,000 | Lump sum | Before opening | Us |
| Package lockers (4) | $3,500 | Lump Sum | Before opening | Us |
| Flooring | $6,000 - $9,000 | Lump sum | Before opening | Us |
| Interior signage (5) | $1,000 - $2,500 | Lump sum | Before opening | Us or suppliers you choose |
| Exterior signage (5) | $6,000 - $8,000 | Lump sum | Before opening | Us or suppliers you choose |
| Construction services (6) | $70,000 - $90,000 | As agreed | Before opening | Us or substitute licensed contractor |
| Construction consultation fee, if applicable (7) | (7) | Before construction begins | Before opening | Us |
| Equipment (8) | $4,000 - $6,500 | As agreed | Before opening | Us or suppliers you choose |
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 of package lockers varies depending on the type of retail center. For a new standard or flex retail center, the estimated cost is $3,500. However, for a conversion standard or flex retail center, or a new express retail center, the cost can range from $0 to $3,500. These costs are paid as a lump sum before opening the franchise to Annex Brands.
Package lockers are not always required, especially for new express retail centers or when converting an existing business. The necessity of package lockers often depends on the location, previous use of the facility, and other factors. If package lockers are required, a 24-hour access security gate and digital keypad entry are also necessary, adding to the overall investment.
Prospective franchisees should consider the type of retail center they plan to open and the specific requirements of their location when budgeting for package lockers. The FDD indicates that these costs are estimates, and actual expenses may vary. It is important to discuss these requirements with Annex Brands to understand the specific needs of the franchise location and to obtain a more accurate estimate of the total investment.