How many Annex Brands outlets in Massachusetts ceased operations for other reasons in 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 |
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 outlet in Massachusetts ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2024. The table provided in Item 20 of the FDD outlines the changes in outlet numbers for each state over the past three years.
For a prospective franchisee, this data point indicates the stability and potential risks associated with operating an Annex Brands franchise in Massachusetts. While one closure might not seem significant, it is important to understand the reasons behind such closures. These 'other reasons' could include factors like poor performance, location issues, or other unforeseen circumstances that led to the cessation of operations.
It would be prudent for a potential franchisee to investigate the specific reasons for this closure to better assess the risks and opportunities in the Massachusetts market. Understanding the factors that contribute to outlets ceasing operations can help a franchisee make informed decisions and potentially avoid similar pitfalls. This information, combined with other due diligence, can provide a more comprehensive understanding of the franchise's performance and stability in the region.