How many Annex Brands outlets in Minnesota were terminated 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 no terminations of Annex Brands outlets in Minnesota during the year 2022. The provided table in Item 20 of the FDD details outlet information by state and year, including terminations, non-renewals, re acquisitions, and other reasons for ceased operations.
Specifically, for Minnesota in 2022, the table shows that there was 1 outlet at the start of the year, no outlets opened, and zero terminations. This means that no franchise agreements were ended by either the franchisee or Annex Brands within that year. The 'Terminations' column reflects instances where the franchise agreement was ended before its natural expiration, which can occur for various reasons such as breach of contract or failure to meet performance standards.
For prospective franchisees, this data point can be reassuring, as it suggests stability within the Annex Brands franchise system in Minnesota. However, it is important to note that terminations are just one aspect of franchise health. Other factors, such as the number of outlets that ceased operations for other reasons or non-renewals, should also be considered when evaluating the overall performance and stability of the franchise system. In 2024, one Annex Brands location in Minnesota ceased operations for other reasons.