How many Annex Brands outlets opened in Michigan 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 Operations For Other Reasons | Outlets At End Of Year |
|---|---|---|---|---|---|---|---|---|
| CO | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| FL | 2022 | 7 | 0 | 0 | 0 | 0 | 1 | 6 |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| 2024 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | |
| GA | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, there is conflicting data regarding the number of outlets opened in Michigan during 2023. One table indicates that 1 outlet opened in Michigan during 2023. This is reflected in the change from 16 outlets at the start of 2023 to 17 at the end of the year. However, another table indicates that 0 outlets opened in Michigan during 2023. This is reflected in the change from 15 outlets at the start of 2023 to 15 at the end of the year. This discrepancy could be due to different reporting methods or franchise types included in each table.
For a prospective Annex Brands franchisee, this inconsistency highlights the importance of clarifying such discrepancies with the franchisor before making any investment decisions. It is crucial to understand which data set is most relevant to the specific franchise opportunity being considered. Understanding the reasons behind these differences can provide a clearer picture of the franchise's growth and stability in Michigan.
To gain clarity, a potential franchisee should directly ask Annex Brands about the conflicting information. Specifically, they should inquire about the types of outlets included in each table (e.g., traditional vs. non-traditional locations) and any changes in reporting methodologies that might explain the differences. Furthermore, it would be prudent to ask for more granular data, such as the specific locations of the new outlets and their performance metrics, to assess the overall health of the Annex Brands franchise system in Michigan.