How many Annex Brands outlets in Indiana ceased operations for other reasons in 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 |
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 outlets in Indiana that ceased operations for other reasons in 2022. At the start of 2022, there were nine Annex Brands outlets in Indiana. During 2022, no new locations opened, and two ceased operations for other reasons, resulting in seven outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Annex Brands locations in Indiana. Understanding why outlets cease operations, especially for reasons other than termination, non-renewal, or franchisor repurchase, can help a franchisee assess potential risks and opportunities in the area.
It's important to note that 'ceased operations for other reasons' can encompass a variety of situations, such as voluntary closures due to poor performance, relocation, or other unforeseen circumstances. A prospective franchisee should inquire with Annex Brands about the specific reasons for these closures to gain a clearer understanding of the factors that may impact their investment.