What was the net change in the number of total Annex Brands outlets during 2024?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |---|---|---|---|---| | Franchised | 2022 | 181 | 180 | -1 | | | 2023 | 180 | 176 | -4 | | | 2024 | 176 | 171 | -5 | | Company Owned | 2022 | 1 | 0 | -1 | | | 2023 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | | Total Outlets | 2022 | 182 | 180 | -2 | | | 2023 | 180 | 176 | -4 | | | 2024 | 176 | 171 | -5 |
PAK MAIL 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 | 3 | | | 2023 | 0 | | | 2024 | 1 | | CO | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | CT | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | FL | 2022 | 3 | | | 2023 | 5 | | | 2024 | 1 | | GA | 2022 | 0 | | | 2023 | 1 | | | 2024 | 2 | | IN | 2022 | 0 | | | 2023 | 0 | | | 2024 | 2 | | MA | 2022 | 1 | | | 2023 | 0 | | | 2024 | 0 | | MI | 2022 | 1 | | | 2023 | 0 | | | 2024 | 1 | | NC | 2022 | 0 | | | 2023 | 1 | | | 2024 | 1 | | PA | 2022 | 0 | | | 2023 | 1 | | | 2024 | 1 | | SC | 2022 | 0 | | | 2023 | 0 | | | 2024 | 1 | | TX | 2022 | 1 | | | 2023 | 3 | | | 2024 | 4 |
| State VA WA Totals | Year | Number of Transfers |
|---|---|---|
| 2022 | 1 | |
| 2023 | 0 | |
| 2024 | 0 | |
| 2022 | 1 | |
| 2023 | 1 | |
| 2024 | 0 | |
| 2022 | 11 | |
| 2023 | 14 | |
| 2024 | 14 |
PAK MAIL 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 | |---|---|---|---|---|---|---|---|---| | AL | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | AR | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | AZ | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | CA | 2022 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | | | 2023 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | | | 2024 | 17 | 0 | 0 | 0 | 0 | 0 | 17 | | CO | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | | 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | | CT | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | FL | 2022 | 35 | 2 | 0 | 0 | 0 | 0 | 37 | | | 2023 | 37 | 0 | 0 | 0 | 0 | 0 | 37 | | | 2024 | 37 | 1 | 0 | 0 | 0 | 1 | 37 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| GA | 2022 | 16 | 1 | 0 | 0 | 0 | 0 | 17 |
| 2023 | 17 | 0 | 0 | 0 | 0 | 1 | 16 | |
| 2024 | 16 | 2 | 0 | 0 | 0 | 0 | 18 | |
| IL | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 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, the net change in the number of total outlets varies across different tables provided in Item 20. One table shows that the total number of Annex Brands franchised outlets decreased by 5 in 2024, from 176 at the start of the year to 171 at the end of the year. Another table indicates no net change for total outlets in 2024, remaining at 8. A further table shows an increase of 7 total outlets, from 315 to 322 during 2024. Finally, one table shows an increase of 2 total outlets, from 565 to 567 in 2024, while another shows a decrease of 1 total outlet, from 3 to 2 in 2024. Another table shows that the total number of Annex Brands outlets remained constant at 21 during 2024. And yet another table shows that the total number of Annex Brands outlets remained constant at 0 during 2024.
These discrepancies across different tables in Item 20 of the Annex Brands FDD could be due to several reasons, such as different reporting methodologies, the inclusion or exclusion of specific types of outlets, or variations in the scope of the data presented in each table. It is important to note that these tables may represent different brands or business models operating under the Annex Brands umbrella.
For a prospective franchisee, this inconsistency highlights the importance of carefully reviewing all sections of Item 20 and seeking clarification from Annex Brands regarding the specific performance and changes in outlet numbers for the particular franchise concept they are considering. Understanding the factors that contribute to outlet changes, such as openings, closures, transfers, and non-renewals, is crucial for assessing the stability and growth potential of the franchise system.
A prospective franchisee should ask Annex Brands to clarify these discrepancies by providing a comprehensive overview of all outlet changes across the entire franchise system, detailing the specific reasons for any closures or decreases in outlet numbers, and explaining how these trends might impact the franchisee's investment and business operations.