How many Annex Brands franchises were transferred in Maryland during 2023?

According to Annex Brands' 2025 Franchise Disclosure Document, there was one franchise transfer in the state of Maryland during the year 2023. This information is based on data collected for the fiscal year ending September 30, 2023. Franchise transfers occur when an existing franchisee sells their business to a new owner, who then assumes the rights and responsibilities of the franchise agreement.

For a prospective Annex Brands franchisee, understanding the number of transfers can provide insights into the stability and desirability of owning a franchise in a particular area. A low number of transfers could indicate franchisee satisfaction or limited opportunities for resale, while a high number might suggest potential challenges or a more active market for buying and selling franchises.

It's important to note that franchise transfers are a normal part of the franchise lifecycle, as franchisees may choose to sell their businesses for various reasons, including retirement, relocation, or pursuing other opportunities. The FDD also indicates that 46 franchisees transferred their franchises during the most recent fiscal year, while 19 franchisees ceased operations for other reasons. This broader context helps to understand the overall dynamics within the Annex Brands franchise system.

Prospective franchisees should investigate the reasons behind any franchise transfers in their target market to assess whether the transfers reflect positive opportunities or potential risks. They should also consider the overall number of transfers within the Annex Brands system as an indicator of franchisee satisfaction and business viability.