How many Annex Brands outlets in Alabama ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor in 2023?
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 |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
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, one Annex Brands outlet in Alabama ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during the year 2023. This means that of the six stores open at the beginning of 2023, one closed for another reason, leaving five stores open at the end of the year.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Annex Brands franchises in specific geographic locations. The fact that one store closed for a reason other than those listed could indicate various underlying issues, such as poor location, management problems, or local economic factors.
Prospective franchisees should investigate the reasons behind such closures to better understand the risks and opportunities associated with investing in an Annex Brands franchise in Alabama. Understanding why an outlet ceases operation, beyond the typical reasons, can provide valuable context for making an informed decision.