Where must an Annex Brands franchisee maintain all books and records of the Center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
A. ACCOUNTING AND RECORDS. During the term of the Franchise, Franchisee agrees to establish and maintain, at Franchisee's expense, computer-based record keeping and accounting systems conforming to the requirements periodically prescribed by Franchisor, including all point-of-sale reports, sales checks, purchase orders, invoices and cash receipts. Franchisee will capture and record customer information in a computerized database, and link each customer's transactions to it, as Franchisor specifies. All books and records of the Center will be maintained at Franchisee's principal business address, as shown on the first page of this Agreement, or as otherwise designated in writing to Franchisor.
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, a franchisee must maintain all books and records of their Center at the franchisee's principal business address. This address is shown on the first page of the Franchise Agreement. Alternatively, the records may be kept at another location if the franchisee designates it in writing to Annex Brands.
This requirement ensures that Annex Brands franchisees maintain organized and accessible records for their business operations. These records are essential for tracking financial performance, managing inventory, and complying with legal and regulatory requirements. By keeping these records at the principal business address or another designated location, franchisees can easily access and manage them as needed.
For prospective franchisees, this means they need to establish a system for maintaining accurate and up-to-date records. This system should be computer-based and conform to the requirements periodically prescribed by Annex Brands. Franchisees should also ensure that they can readily produce these records for inspection by Annex Brands, as the franchisor has the right to inspect the Center and conduct equipment audits at any time during business hours without prior notice.