How many Annex Brands outlets ceased operations for other reasons in Ohio during 2022?
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 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, one Annex Brands location in Ohio ceased operations for other reasons during 2022. The table provided in Item 20 of the FDD details the status of franchised outlets from 2022 to 2024. This includes information on outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and outlets at the end of the year.
For a prospective franchisee, this data offers insight into the stability and performance of Annex Brands franchises in specific states. Understanding the reasons why outlets cease operations can be crucial in evaluating the risks associated with investing in a franchise. While terminations, non-renewals, and re acquisitions have specific meanings, 'ceased operations for other reasons' can be a broad category, potentially including factors like poor performance, landlord disputes, or other unforeseen circumstances.
It is important to note that the FDD provides this information at a state level, which may not reflect the performance of individual locations. A prospective franchisee should further investigate the reasons behind closures and consider this data in conjunction with other factors such as market conditions, competition, and the franchisor's support and training programs. Understanding the specific reasons for closures, even if categorized as 'other reasons,' can help a franchisee make a more informed decision and potentially avoid similar pitfalls.