How many Annex Brands outlets opened 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 | 18 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the number of outlets opened in 2024 varies depending on the specific segment being examined. One table shows that 17 outlets opened in 2024. However, another table indicates that no outlets opened in 2024. These contradictory data points may reflect different brands or types of outlets within the Annex Brands system.
It is important to note that these figures do not represent a comprehensive total for the entire Annex Brands franchise system. The data is broken down by state and may also be separated by outlet type (franchised vs. company-owned). A prospective franchisee should carefully review all tables in Item 20 of the FDD to understand the complete picture of outlet openings, closures, and transfers.
Given the discrepancies and segmented data, a potential franchisee should seek clarification from Annex Brands regarding the total number of franchise outlets opened in 2024 across all brands and locations. Understanding the nuances behind these numbers is crucial for assessing the growth and stability of the franchise system.