How many Annex Brands franchise transfers occurred in all states during 2022?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number Of Transfers | |---|---|---| | All States | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | Totals | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 |
SUNSHINE PACK & SHIP RETAIL CENTERS
Status of Franchised Outlets For 2022 to 2024
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operations For Other Reasons | Outlets At End Of Year |
|---|---|---|---|---|---|---|---|---|
| IN | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| MI | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | -1 | 0 | |
| NJ | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | -1 | 2 |
TABLE NO. 4
SUNSHINE PACK & SHIP RETAIL CENTERS
Status of Company-Owned Outlets for 2022 to 2024
| State | Year | Outlets At Start Of Year | Outlets Opened | Outlets Re- Acquired From Franchisees | Outlets Closed | Outlets Sold To Franchisees | Outlets At End Of Year | |---|---|---|---|---|---|---|---| | All states | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | | Totals | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 |
SUNSHINE PACK & SHIP RETAIL CENTERS
Projected Openings in Fiscal Year Ending September 30, 2025
| State | Franchise Agreements Signed But Outlets Not Opened As Of September 30, 2024 | Projected New Franchised Outlets in Fiscal Year Ending September 30, 2025 | Projected New Company- Owned Outlets in Fiscal Year Ending September 30, 2025 |
|---|---|---|---|
| All | 0 | 0 | 0 |
| States | |||
| Total | 0 | 0 | 0 |
THE FOLLOWING TABLES PROVIDE INFORMATION, ON ALL RETAIL BRANDS, FOR THE OUTLETS INCLUDED IN THE PRECEDING TABLES
ALL RETAIL CENTERS
TABLE NO. 1
ALL RETAIL CENTERS
Systemwide Outlet Summary for 2022 to 2024
| Outlet Type | Year | Outlets At Start Of Year | Outlets At End Of Year | Net Change | |---|---|---|---|---| | Franchised | 2022 | 559 | 562 | +3 | | | 2023 | 562 | 565 | +3 | | | 2024 | 565 | 567 | +2 | | Company- | 2022 | 1 | 0 | -1 | | Owned | | | | | | | 2023 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | | Total Outlets | 2022 | 560 | 562 | +2 | | | 2023 | 562 | 565 | +3 | | | 2024 | 565 | 567 | +2 |
ALL RETAIL CENTERS
Transfers of Outlets From Franchisees to New Owners (Other Than Franchisor or an Affiliate) For 2022 to 2024
| State | Year | Number Of Transfers | |---|---|---| | AZ | 2022 | 3 | | | 2023 | 0 | | | 2024 | 0 | | CA | 2022 | 14 | | | 2023 | 17 | | | 2024 | 19 | | CO | 2022 | 1 | | | 2023 | 2 | | | 2024 | 1 | | CT | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | FL | 2022 | 3 | | | 2023 | 5 | | | 2024 | 1 | | GA | 2022 | 0 | | | 2023 | 1 | | | 2024 | 2 | | ID | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | IN | 2022 | 0 | | | 2023 | 0 | | | 2024 | 3 | | KY | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | MA | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | MD | 2022 | 2 | | | 2023 | 1 | | | 2024 | 2 | | MI | 2022 | 1 | | | 2023 | 0 | | | 2024 | 1 | | NC | 2022 | 0 |
| State | Year | Number Of Transfers |
|---|---|---|
| 2023 | 1 | |
| 2024 | 4 | |
| OR | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 1 | |
| PA | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, there were varying numbers of franchise transfers across different states in 2022. For instance, California saw 14 transfers in one table and 3, 2, and 9 in other tables. Texas had 3 transfers in one table and 1 in two other tables. Several states, such as Connecticut, Georgia, Indiana, and Kentucky, reported zero transfers during this period in some tables. Oregon and Washington showed 2 and 3 transfers respectively in one table, while another table shows 2 transfers for Washington. The total number of transfers listed for 'All States' or 'Totals' in different tables is 0, 46, and 16.
These figures indicate that franchise transfer activity can vary significantly by location and that the tables may be showing different data sets. A prospective franchisee should investigate the reasons behind these variations to understand the market dynamics in their desired territory. Understanding why transfers occur (e.g., franchisee retirement, poor performance, or relocation) can provide valuable insights into the health and stability of existing Annex Brands locations.
It is important to note that the data presented in different tables within Item 20 of the FDD may cover different reporting groups, timeframes, or franchise types within the Annex Brands system. Therefore, relying on a single table for making investment decisions is not advisable. Instead, a potential franchisee should cross-reference the data, compare it against industry benchmarks, and discuss the transfer trends with existing franchisees to gain a comprehensive understanding.
Given the discrepancies and variations in the reported transfer numbers, it would be prudent for a prospective Annex Brands franchisee to seek clarification from the franchisor regarding the specific criteria and scope of each table presented in Item 20. Understanding the nuances of this data will enable a more informed assessment of the risks and opportunities associated with investing in an Annex Brands franchise.