How many Annex Brands outlets opened in Massachusetts 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 |
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 location opened in Massachusetts during 2024. The number of outlets at the start of 2024 was three, and one outlet opened during the year. However, one outlet also ceased operations for other reasons, resulting in three outlets at the end of the year.
It is important to note that while one new Annex Brands location opened in Massachusetts, another ceased operations during the same year. This could be due to a variety of factors, such as poor performance, lease issues, or other unforeseen circumstances.
A prospective franchisee should inquire about the reasons for the closure to better understand the market dynamics in Massachusetts. Understanding why an outlet closed can provide valuable insights into potential challenges and opportunities in the area.
Overall, the opening of one Annex Brands location in Massachusetts during 2024 indicates some growth in the state, but the closure of another location suggests that there may be specific challenges that need to be addressed.