How many Annex Brands outlets opened in Georgia during 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 | |---|---|---|---|---|---|---|---|---| | 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 Opera
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 is conflicting data regarding the number of outlets opened in Georgia during 2023. One table indicates that 2 outlets opened in Georgia during 2023, while another table indicates that no outlets opened in Georgia during 2023.
Specifically, one excerpt from Item 20 shows that at the start of 2023, there was 1 outlet in Georgia, and 2 outlets opened, resulting in 3 outlets at the end of the year. However, another excerpt from Item 20 shows that at the start of 2023, there were 17 outlets in Georgia, and 0 outlets opened, with 1 outlet ceasing operations, resulting in 16 outlets at the end of the year.
It is important for a prospective franchisee to clarify this discrepancy with Annex Brands to understand the actual number of openings and closures in Georgia during that period. This information can impact a franchisee's assessment of market growth and stability in the region.