How many Annex Brands outlets were operating in New Mexico at the end 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 |
|---|---|---|---|---|---|---|---|---|
| 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 two outlets operating in New Mexico at the end of 2023. The table provided in Item 20 of the FDD details the number of outlets per state for the years 2022, 2023, and 2024. For New Mexico, the data shows that in 2023, there were two outlets at the start of the year, no new outlets opened, and no outlets closed, resulting in two outlets at the end of the year.
This information is useful for potential franchisees as it provides a historical overview of the number of Annex Brands locations in New Mexico. This can help in assessing the brand's presence and growth (or lack thereof) in the state. It's important to note that past performance doesn't guarantee future results, but it can offer insights into the brand's market penetration and stability in a specific geographic area.
Prospective franchisees should consider this data in conjunction with other factors, such as market demographics, competition, and the franchisor's future development plans for the region. It would be prudent to inquire with Annex Brands about their strategies for New Mexico and whether they foresee any changes in the number of outlets in the coming years. This will help in making a well-informed decision about investing in a franchise in that state.