What is the length of the initial franchise term for an Annex Brands franchise?

According to Annex Brands's 2025 Franchise Disclosure Document, the initial franchise term is 20 years. This means that a new franchisee will operate their Annex Brands location under the franchise agreement for a period of 20 years before renewal is required.

Annex Brands also offers an option for renewal or extension of the franchise term for an additional 20-year term. To renew, a franchisee must substantially comply with the franchise agreement and all other agreements with Annex Brands or its affiliates. They must also notify Annex Brands of their intent to renew 6 to 12 months before the 20-year anniversary of the execution of the franchise agreement, show evidence of the right to possess the site or secure an approved substitute site, and fully comply with the specifications and standards for franchised businesses.

Additionally, the franchisee must sign a general release and the then-current franchise agreement and related agreements, and pay a renewal fee. It is important to note that the new franchise agreement may contain terms and conditions materially different from those in the previous agreement, such as different fee requirements and territorial rights. This is a fairly standard renewal process in franchising, but prospective franchisees should carefully review the renewal terms in the franchise agreement and be prepared for potential changes.