How many total Annex Brands outlets were operating 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 |
|---|---|---|---|---|---|---|---|---|
| AR | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 |
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 315 total franchised outlets at the end of 2023. This is based on the provided table that tracks outlet numbers from 2022 through 2024. The table shows that the number of franchised outlets increased from 305 at the start of 2023 to 315 at the end of the year, with 15 new outlets opening and 5 ceasing operations for other reasons.
For a prospective franchisee, this indicates a net growth in the number of Annex Brands franchised locations during 2023. This could be a positive sign, suggesting that the franchise system is expanding. However, it's important to note that while 15 new outlets opened, 5 also ceased operations for other reasons, which could include closures or other forms of business termination.
It is important to investigate the reasons behind the outlets that ceased operations to understand the potential risks and challenges of operating an Annex Brands franchise. Further due diligence, including speaking with current and former franchisees, is essential to assess the overall health and stability of the franchise system.