How many Annex Brands franchises in Virginia were terminated 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 |
|---|---|---|---|---|---|---|---|---|
| UT | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| VA | 2022 | 13 | 0 | 0 | 0 | 0 | 0 | 13 |
| 2023 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | |
| 2024 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | |
| WA | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 |
| 2023 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| WI | 2022 | 3 | 0 | 0 | 0 | 0 | 1 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
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 zero terminations of Annex Brands franchises in Virginia during 2024. The data provided in the FDD outlines the status of franchised outlets, including terminations, on a state-by-state basis. This information is crucial for potential franchisees to assess the stability and performance of the franchise system in specific geographic areas.
Specifically, the table includes the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For Virginia in 2024, the table shows 13 outlets at the start of the year, zero outlets opened, zero terminations, zero non-renewals, zero outlets reacquired by the franchisor, zero outlets that ceased operations for other reasons, and 13 outlets at the end of the year.
This data suggests that Annex Brands franchises in Virginia remained stable during 2024, with no franchise terminations. Prospective franchisees may find this reassuring, as it indicates a potentially healthy and stable franchise environment in the state. However, it is important to consider that this data only reflects one year and does not guarantee future performance or stability. It is advisable to further investigate the reasons behind any terminations or closures in other states to gain a comprehensive understanding of the franchise system's overall health.