How many Annex Brands outlets in Ohio ceased operations for other reasons during 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 |
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. The table provided in Item 20 of the FDD outlines the changes in outlet numbers across various states. This data helps prospective franchisees understand the stability and potential risks associated with operating an Annex Brands franchise in a specific location.
Specifically, the table shows that Ohio had 11 outlets at the start of 2024, none opened during the year, and two ceased operations for other reasons, resulting in 9 outlets at the end of the year. This contrasts with the previous year, 2023, where there were 11 outlets at the start and end of the year, with no closures for other reasons.
It is important to note that 'ceased operations for other reasons' can encompass a variety of situations, such as voluntary closures due to poor performance, landlord disputes, or other unforeseen circumstances. Reviewing this data over multiple years, as presented in the FDD, provides a more comprehensive view of outlet stability. Prospective franchisees should inquire with Annex Brands about the specific reasons for these closures to better assess the risks and opportunities in the Ohio market.