For an Annex Brands franchise, what is the estimated cost for package lockers?
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 estimated cost for package lockers varies depending on the type of retail center. For a new standard, flex, or express retail center, the cost is estimated to be $3,500. However, for a conversion standard or flex retail center, the cost can range from $0 to $3,500. For an express retail center, the cost can also range from $0 to $2,500. These amounts are to be paid in a lump sum before opening to Annex Brands.
It is important to note that a 24-hour access security gate and digital keypad entry are required to have package lockers. However, these may not be required for a new express retail center or if converting a qualified existing business to a standard or flex retail center, depending on the location, previous use of the facility, and other factors.
Prospective franchisees should consider these costs when planning their initial investment. The variability in cost for package lockers and security systems highlights the importance of assessing the specific location and type of retail center being established. Franchisees should discuss these requirements and potential costs with Annex Brands to obtain a more precise estimate for their particular situation.