How many Annex Brands outlets ceased operations for other reasons in Michigan 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 | | | 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 is conflicting data regarding the number of outlets that ceased operations for other reasons in Michigan during 2024. One table indicates that 1 Annex Brands location in Michigan ceased operations for other reasons in 2024, while another table indicates 2 locations ceased operations for other reasons. These tables provide a state-by-state breakdown of outlet activity, including openings, terminations, non-renewals, re acquisitions, and closures for other reasons. The inconsistency in the data could be due to different reporting methods or franchise classifications within the Annex Brands system.
For a prospective Annex Brands franchisee, this discrepancy highlights the importance of verifying information and seeking clarification from the franchisor. Understanding the reasons behind outlet closures is crucial for assessing the stability and potential risks associated with investing in a specific market. It is important to note that 'ceased operations for other reasons' can encompass a variety of factors, such as voluntary closures due to poor performance, landlord disputes, or other unforeseen circumstances.
To gain a clearer understanding, a potential franchisee should ask Annex Brands for detailed explanations of why outlets in Michigan ceased operations. Requesting specific information about the locations, the reasons for their closure, and any support or interventions offered by Annex Brands can provide valuable insights. This due diligence will help the franchisee make an informed decision about investing in an Annex Brands franchise and assess the level of risk involved in the Michigan market.
It is also advisable to speak with current and former Annex Brands franchisees in Michigan to gather their perspectives on the business environment and any challenges they may have faced. Their experiences can offer a more nuanced understanding of the factors that contribute to success or failure in the region. By combining the information provided in the FDD with additional research and direct communication with the franchisor and franchisees, a prospective investor can make a well-informed decision.