What was the net change in the number of franchised Annex Brands outlets during 2023?
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 | 301 | 305 | +4 | | | 2023 | 305 | 315 | +10 | | | 2024 | 315 | 322 | +7 |
| Outlet Type | Year | Outlets At Start Of Year | Outlets At End Of Year | Net Change |
|---|---|---|---|---|
| Company-Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 301 | 305 | +4 |
| 2023 | 305 | 315 | +10 | |
| 2024 | 315 | 322 | +7 |
POSTALANNEX/POSTALANNEX+ RETAIL CENTERS
Transfers of Outlets From Franchisees to New Owners (Other Than Franchisor or an Affiliate) For 2022 to 2024
| State | Year | Number Of Transfers | |---|---|---| | CA | 2022 | 9 | | | 2023 | 12 | | | 2024 | 15 | | CO | 2022 | 1 | | | 2023 | 1 | | | 2024 | 0 | | ID | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 |
| State | Year | Number Of Transfers |
|---|---|---|
| IN | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| KY | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| NC | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 3 | |
| OR | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 1 | |
| TX | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 3 | |
| WA | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 2 | |
| Total | 2022 | 16 |
| 2023 | 16 | |
| 2024 | 26 |
POSTALANNEX/POSTALANNEX+ RETAIL CENTERS
Status of Franchised Outlets For 2022 to 2024
| 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 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the net change in the number of franchised outlets varied across different tables presented in Item 20. One table indicates a net change of 0 franchised outlets in 2023, with 3 outlets at the start and end of the year. Another table shows a net decrease of 2 franchised outlets during 2023, with 44 at the start and 42 at the end of the year. Yet another table shows an increase of 10 franchised outlets, from 305 to 315. One more table indicates a decrease of 4 franchised outlets, from 180 to 176. Finally, one more table shows a decrease of 1 franchised outlet, from 9 to 8.
This discrepancy highlights that Annex Brands may operate under different concepts or report data in different segments within the same FDD. It is important to note that the total number of franchised Annex Brands outlets and their net change can vary significantly depending on which segment of the company's operations is being examined.
For a prospective franchisee, this means that the overall growth or decline of Annex Brands may not be uniform across all areas of the franchise system. It would be prudent to clarify with the franchisor which specific data set is most relevant to the franchise opportunity being considered. Understanding these differences is crucial for assessing the potential stability and growth prospects of a specific Annex Brands franchise.
To gain a clearer understanding, a potential franchisee should ask Annex Brands for clarification on which table is most representative of their specific franchise offering and why there are variations in outlet numbers across the different tables. Further due diligence would involve investigating the reasons behind outlet closures or lack of growth in certain areas, as indicated in some of the tables. This will help in making an informed decision about investing in an Annex Brands franchise.