How many Annex Brands franchised outlets in Michigan ceased operations for other reasons in 2024?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | |---|---|---|---|---|---|---|---|---| | AR | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | AZ | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | CA | 2022 | 186 | 5 | 0 | 0 | 0 | 2 | 189 | | | 2023 | 189 | 6 | 0 | 0 | 0 | 4 | 191 | | | 2024 | 191 | 6 | 0 | 0 | 0 | 6 | 191 |
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operat
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 multiple listings for Michigan. One table shows that 2 Annex Brands locations in Michigan ceased operations for other reasons during 2024. The other table shows that -1 Annex Brands location in Michigan ceased operations for other reasons during 2024. It is unclear why there are two separate listings for Michigan and why one shows a negative number.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing locations. "Ceased Operations For Other Reasons" can include closures due to various factors such as poor performance, failure to meet brand standards, or other unforeseen circumstances.
A prospective Annex Brands franchisee should seek clarification from the franchisor regarding the reasons for these closures and the discrepancy in the data. Understanding the factors that contribute to outlets ceasing operations can help a franchisee assess the risks and opportunities associated with investing in a specific location or market. It would be prudent to inquire about the specific reasons for the closures and what support Annex Brands provides to prevent such occurrences.