How many Annex Brands outlets were operating in South Dakota at the end of 2022?
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 the 2025 FDD, Annex Brands had one outlet operating in South Dakota at the end of 2022. The provided table shows that at the start of 2022, there were no outlets, but one was opened during the year, resulting in one outlet at the end of 2022. This indicates a recent expansion of Annex Brands into South Dakota.
For a prospective franchisee, this information is useful for understanding the existing market presence of Annex Brands in South Dakota. The fact that there was only one outlet in 2022 suggests that the market may be relatively untapped, offering potential opportunities for growth. However, it also means that the brand may not be as well-known in the area compared to states with a larger number of outlets.
It's important to note that the table also provides data for subsequent years, showing that the number of outlets in South Dakota remained constant at one through 2023 and 2024. This could indicate a stable but limited market or a strategic decision by Annex Brands to maintain a small presence in the state. A potential franchisee should investigate the reasons behind this to assess the growth potential and market dynamics in South Dakota.