How many Annex Brands outlets in total were operating at the end of 2024?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets At Start Of Year | Outlets At End Of Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 559 | 562 | +3 |
| 2023 | 562 | 565 | +3 | |
| 2024 | 565 | 567 | +2 | |
| Company- | 2022 | 1 | 0 | -1 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 560 | 562 | +2 |
| 2023 | 562 | 565 | +3 | |
| 2024 | 565 | 567 | +2 |
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 were 567 total outlets operating at the end of 2024. This number is derived from the table summarizing outlet counts across all retail centers. Specifically, the table shows the number of franchised and company-owned outlets at the start and end of each year. For 2024, there were 565 franchised outlets and 0 company-owned outlets at the start of the year, and by the end of 2024, there were 567 franchised outlets and 0 company-owned outlets.
The FDD provides detailed tables outlining outlet information by state and by outlet type (franchised vs. company-owned). These tables include data on outlets at the start of the year, outlets opened, terminations, non-renewals, reacquired outlets, outlets ceasing operations for other reasons, and outlets at the end of the year. This level of detail can help prospective franchisees understand the dynamics of the Annex Brands franchise system in different geographic areas.
The data indicates that Annex Brands primarily operates through franchised outlets, with a very small number of company-owned locations. The total number of outlets has shown a modest increase over the three years presented (2022-2024), with the total number of outlets increasing from 562 in 2022 to 567 in 2024. This suggests a stable and slightly growing franchise system.
A prospective franchisee should analyze these trends in conjunction with other factors, such as financial performance data and market conditions, to assess the potential opportunities and risks associated with investing in an Annex Brands franchise. Understanding the reasons behind outlet closures or changes in specific states can provide valuable insights into the challenges and successes within the system.