How many Annex Brands outlets were operating in Massachusetts at the end of 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's 2025 Franchise Disclosure Document, there were 3 Annex Brands outlets operating in Massachusetts at the end of 2024. The table provided in Item 20 of the FDD details the changes in outlet numbers over the past three years.
Specifically for Massachusetts, the table shows that in 2024, there were 3 outlets at the start of the year and 1 outlet ceased operations for other reasons. Despite one outlet ceasing operations, the number of outlets at the end of the year was 3. This suggests that while one location closed, another must have opened to maintain the same total.
It is important to note that the 'Ceased Operations For Other Reasons' category can include closures for a variety of reasons, such as poor performance, lease issues, or the franchisee's decision to leave the system. A prospective franchisee should inquire with Annex Brands about the reasons for closures and openings to better understand the market dynamics in Massachusetts.