How many Annex Brands outlets in Georgia ceased operations for other reasons 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 | |---|---|---|---|---|---|---|---|---| | 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 Opera
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 were two separate listings for Annex Brands outlets in the state of Georgia. In 2023, one listing shows that zero locations ceased operations for 'other reasons.' However, the second listing indicates that one location in Georgia ceased operations for 'other reasons' during 2023. This discrepancy suggests that Annex Brands may operate different types of franchise locations or that there may be an error in the data reported in the FDD.
'Ceased Operations for Other Reasons' typically refers to closures that are not due to terminations, non-renewals, or reacquisition by the franchisor. These 'other reasons' could include factors like the franchisee's death or disability, failure to secure suitable premises, or other unforeseen circumstances that force the closure of the business. It's important to note that these closures do not necessarily reflect negatively on the franchise system itself, but rather on individual franchisee situations.
A prospective Annex Brands franchisee should seek clarification from the franchisor regarding the discrepancy in outlet data for Georgia. Understanding the reasons behind any closures is crucial for assessing the stability and potential risks associated with investing in an Annex Brands franchise. Further due diligence, including speaking with current and former franchisees, is recommended to gain a comprehensive understanding of the franchise system's performance and challenges.