How many Annex Brands outlets were operating in Utah 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 |
|---|---|---|---|---|---|---|---|---|
| UT | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, there was 1 outlet operating in the state of Utah at the end of 2023. At the start of 2023 there was 1 outlet. No additional outlets opened, terminated, non-renewed, were reacquired by Annex Brands, or ceased operations for other reasons during 2023, leaving 1 outlet at the end of the year.
These figures provide a snapshot of Annex Brands' presence and stability in Utah. For a prospective franchisee, this indicates a limited existing footprint in the state, which could present both opportunities and challenges. A small number of existing locations might mean less direct competition from other franchisees, but it could also reflect slower market growth or brand recognition in the area.
It is important to note that past performance does not guarantee future results. A prospective Annex Brands franchisee should conduct thorough market research and due diligence to assess the potential for success in Utah. This includes evaluating local demand for Annex Brands' services, understanding the competitive landscape, and assessing the overall economic conditions in the area.