How many Annex Brands franchise transfers occurred in all states during the year 2023?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number Of Transfers |
|---|---|---|
| 2023 | 1 | |
| 2024 | 4 | |
| OR | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 1 | |
| PA | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| SC | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| TX | 2022 | 3 |
| 2023 | 5 | |
| 2024 | 7 | |
| VA | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| WA | 2022 | 3 |
| 2023 | 1 | |
| 2024 | 2 | |
| Total | 2022 | 46 |
| 2023 | 37 | |
| 2024 | 46 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, there were a total of 37 franchise transfers in all states during 2023. This information is crucial for potential franchisees as it provides insight into the stability and desirability of owning an Annex Brands franchise. A high number of transfers could indicate franchisees are selling their businesses, which may be due to various factors such as poor performance, retirement, or other personal reasons. Conversely, a low number could suggest franchisees are generally satisfied and retaining their businesses.
Specifically, the data reveals that in 2023, California saw 17 transfers, while Texas had 5. Several other states including Colorado, Connecticut, Florida, Georgia, Maryland, North Carolina, Oregon, Pennsylvania, South Carolina, and Washington each experienced one or two transfers. It's important to note that these figures represent the total number of transfers, not necessarily the reasons behind them.
Prospective franchisees should investigate further to understand the reasons for these transfers. This could involve speaking with current and former franchisees to gain a better understanding of their experiences. Additionally, reviewing the performance and financial health of transferred locations could provide valuable insights. Understanding the context behind these numbers is essential for making an informed decision about investing in an Annex Brands franchise.