How many Annex Brands outlets in Ohio 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 | 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 | 0 | 0 | 6 | 191 |
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operation
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 instances of Annex Brands outlets in Ohio that ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor during 2024, according to one table. Another table indicates zero closures for other reasons in 2024. It is important to note that the Item 20 includes data from multiple Annex Brands concepts.
Item 20 of the FDD provides historical data regarding the number of outlets that have ceased operations for 'other reasons.' This category typically includes closures due to factors such as the franchisee's health issues, failure to meet performance standards, or other unforeseen circumstances that do not fall under the standard categories of termination, non-renewal, or franchisor reacquisition.
A prospective Annex Brands franchisee should inquire about the specific reasons for closures in the 'other reasons' category to better understand the potential risks and challenges of operating an Annex Brands franchise. Understanding the context behind these closures can provide valuable insights into the factors that may impact the success and longevity of an Annex Brands franchise.