How many Annex Brands franchises opened in North Carolina during 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 |
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 2 franchise outlets opened in North Carolina during 2024. The table provided in Item 20 of the FDD outlines the number of outlets opened, terminated, non-renewed, reacquired, or ceased operations for other reasons, as well as the number of outlets at the start and end of the year. This information is broken down by state and year.
Specifically, for North Carolina, the table shows that there were 15 outlets at the start of 2024. During 2024, 2 new outlets were opened. There were no terminations, non-renewals or re acquisitions by the franchisor. One outlet ceased operations for other reasons. At the end of 2024, there were 17 Annex Brands outlets in North Carolina.
This type of historical data is typical to see in an FDD, and it can be useful for prospective franchisees to understand the growth and stability of the franchise system in specific geographic areas. Reviewing this data can help franchisees assess market saturation and potential opportunities for new locations. It is important to note that past performance does not guarantee future results, but it can provide valuable insights into the brand's performance over time.