How many Annex Brands outlets were re-acquired from franchisees in 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 |
|---|---|---|---|---|---|---|---|---|
| AL | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 1 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| AR | 2022 | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| AZ | 2022 | 8 | 0 | 0 | 0 | 0 | 0 | 8 |
| 2023 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | |
| 2024 | 8 | 0 | 0 | 0 | 0 | 0 | 8 | |
| CA | 2022 | 237 | 5 | 0 | 0 | 0 | 2 | 240 |
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 zero outlets re-acquired from franchisees in 2023, according to multiple tables. Specifically, one table provides data for 'All states' and shows '0' outlets re-acquired in 2023. Another table provides a breakdown by state, and the 'Reacquired By Franchisor' column shows '0' for 2023 in every state listed (e.g. Alabama, Arkansas, Arizona, California, Texas, and Virginia). These tables consistently indicate that Annex Brands did not re-acquire any franchised locations during that year.
This information is relevant to potential franchisees as it provides insight into the stability of the franchise network. The fact that no franchises were re-acquired could suggest that franchisees are generally successful and satisfied with their businesses, or that Annex Brands prefers to work with struggling franchisees to improve their performance rather than re-acquiring the locations.
However, it is important to note that this data only reflects re-acquisitions. Other forms of franchise terminations or closures may still occur. A prospective franchisee should investigate further into the reasons for outlet closures or terminations to gain a comprehensive understanding of the franchise system's health and stability. Understanding the full context behind these numbers is crucial for making an informed investment decision regarding an Annex Brands franchise.