How many Annex Brands outlets in Michigan were operating at the start of 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 | 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 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, there were two separate listings for Michigan (MI) outlets. One table indicates that there were 16 Annex Brands outlets operating in Michigan at the start of 2022. Another table indicates that there was 1 Annex Brands outlet operating in Michigan at the start of 2022. This discrepancy should be addressed with the franchisor to understand the differences in these numbers.
It is important to note that the tables also provide data on outlet activity throughout 2022, including openings, terminations, non-renewals, re acquisitions by the franchisor, and outlets that ceased operations for other reasons. This information can help a prospective franchisee understand the dynamics of the Annex Brands network in Michigan and assess the potential for growth or decline.
Overall, the data presented in Item 20 provides valuable insights into the historical performance and current state of the Annex Brands franchise system. However, the conflicting information regarding the number of outlets in Michigan at the start of 2022 highlights the importance of conducting thorough due diligence and seeking clarification from the franchisor on any discrepancies or inconsistencies.