What is the estimated range for 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 |
| Type of Expenditure (1) | Amount (2) | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Computer hardware, and software programs and licenses (9) | $4,500 - $13,000 | Lump sum | Before or at initial training | Software: us and suppliers Hardware: us or suppliers you choose |
| Initial inventory (10) | $5,000 - $7,000 | Lump sum | Before opening | Us or suppliers you choose |
| Insurance (11) | $2,500 - $7,000 | As agreed | As incurred | Insurance company |
| Online financial training portal license and administrative fee | $330 | Lump sum | On signing franchise agreement | Us |
| Travel, lodging and | $1,000 - $4,000 | Lump sum | As incurred | Suppliers you |
| meals for initial training | choose | |||
| New Center/New Owner Marketing Program deposit (13) | $5,500 | Lump sum | Before or at initial training | Us |
| Supplies (14) | $1,000 - $2,500 | As agreed | As incurred | Us or suppliers you choose |
| Business licenses, | $300 - $1,000 | As agreed | As incurr |
Source: Item 7 — Estimated Initial Investment (FDD pages 32–39)
What This Means (2025 FDD)
According to the 2025 Annex Brands Franchise Disclosure Document, the cost for package lockers varies based on the type of retail center. For a new standard or flex retail center, the estimated cost for package lockers is $3,500. However, for a conversion standard or flex retail center, the cost ranges from $0 to $2,500. For a new express retail center, the cost ranges from $0 to $3,500.
These figures represent the lump sum payment due before opening the Annex Brands franchise, payable to the franchisor. The need for package lockers may also depend on whether a 24-hour access security gate and digital keypad entry are required.
Prospective franchisees should consider these costs when planning their initial investment. The variation in cost highlights the importance of assessing the specific type of retail center and its requirements to accurately estimate the total investment needed.