How many Annex Brands outlets ceased operations for other reasons in Texas 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 |
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 are conflicting reports regarding the number of outlets that ceased operations for other reasons in Texas during 2022. One table indicates that zero outlets ceased operations for other reasons in Texas during 2022. However, another table shows that for the total number of outlets, six ceased operations for other reasons in 2022.
This discrepancy could be due to different reporting methods or the inclusion/exclusion of specific types of Annex Brands locations in each table. It is important to note that the tables also track other changes in outlet status, such as terminations, non-renewals, and re acquisitions by the franchisor, providing a comprehensive view of outlet turnover.
Prospective franchisees should seek clarification from Annex Brands regarding these discrepancies to understand the specific reasons for outlet closures and the overall stability of the franchise network in Texas. Understanding the factors that contribute to outlets ceasing operations is crucial for assessing the risks and opportunities associated with investing in an Annex Brands franchise.