How many Annex Brands outlets were operating in Virginia 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 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | CA | 2022 | 186 | 5 | 0 | 0 | 0 | 2 | 189 | | | 2023 | 189 | 6 | 0 | 0 | 0 | 4 | 191 | | | 2024 | 191 | 6 | 0 | 0 | 0 | 6 | 191 |
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Opera
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 are two separate listings for the state of Virginia. One table indicates that there were 13 Annex Brands outlets operating in Virginia at the end of 2024. Another table shows that there were 2 Annex Brands outlets operating in Virginia at the end of 2024. It is unclear why there are two separate listings for the same state.
It is important to note that neither of these tables indicates any terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons. This means that the number of outlets at the end of the year remained the same as the number of outlets at the start of the year, with no changes in ownership or operational status.
A prospective franchisee should seek clarification from Annex Brands regarding the discrepancy in outlet numbers reported for Virginia. Understanding the correct number of existing outlets and the reasons for any differences is crucial for assessing market saturation and potential competition in the state.