How many Annex Brands outlets were operating in Alabama at the start of 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 |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
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 were 6 outlets operating in Alabama at the start of 2023. The table provided in Item 20 of the FDD outlines the number of outlets at the start of the year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for each state.
For a prospective franchisee, this information is useful in understanding the historical growth and stability of Annex Brands in Alabama. The fact that there were 6 outlets at the start of 2023 and no new outlets opened during that year suggests a stable market presence. However, it is important to note that one outlet ceased operations for other reasons, resulting in 5 outlets at the end of 2023.
This data point could prompt further investigation into why an outlet ceased operations. Understanding the reasons behind closures can help a franchisee assess potential risks and opportunities in the Alabama market. It's also worth noting that the number of outlets remained consistent at 5 in 2024, indicating a period of no growth or decline in the state during that year. This information is valuable for potential franchisees to consider when evaluating the market dynamics and potential for success in Alabama.