How many Annex Brands outlets in Mississippi 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 |
|---|---|---|---|---|---|---|---|---|
| LA | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| MS | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | |
| 2024 | 0 | 0 | 0 | 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 Mississippi ceased operations for other reasons during 2023. The table provided in Item 20 of the FDD outlines the number of outlets that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor. For Mississippi, the data shows a decrease in the number of outlets from 1 in 2022 to 0 by the end of 2023, with one outlet ceasing operations for other reasons.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Annex Brands franchises in specific geographic locations. Understanding the reasons behind closures, even those classified as 'other,' can help a prospective franchisee assess the risks and opportunities associated with investing in a particular area. It's important to note that 'ceased operations for other reasons' can encompass a variety of factors, such as economic challenges, location-specific issues, or other unforeseen circumstances.
For a potential Annex Brands franchisee, this data highlights the importance of conducting thorough due diligence on the specific location they are considering. It would be prudent to investigate the reasons behind the closure of the Mississippi location in 2023 to better understand the local market dynamics and potential challenges. This could involve speaking with current and former franchisees in the region, as well as conducting independent market research to assess the area's economic conditions and competitive landscape.
Overall, while the closure of one outlet in Mississippi in 2023 may not be indicative of a widespread issue, it serves as a reminder of the importance of careful planning and risk assessment when investing in a franchise. Prospective franchisees should use this information as a starting point for further investigation and discussion with Annex Brands to ensure they are making an informed decision.