What was the net change in the number of total Annex Brands outlets during the year 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 | 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 | 5 | 0 | 0 | 0 | 2 | 189 | | | 2023 | 189 | 6 | 0 | 0 | 0 | 4 | 191 | | | 2024 | 191 | 6 | 0 | 0 | 0 | 6 | 191 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| CO | 2022 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
| 2023 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| 2024 | 6 | 0 | 0 | 0 | 0 | 0 | 6 | |
| FL | 2022 | 7 | 0 | 0 | 0 | 0 | 1 | 6 |
| 2023 | 6 | 1 | 0 | 0 | 0 | 0 | 7 | |
| 2024 | 7 | 0 | 0 | 0 | 0 | 0 | 7 | |
| GA | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 2 | 0 | 0 | 0 | 0 | 3 | |
| 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
| ID | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| IN | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| KY | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| MD | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 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, 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 franchised outlets had a net change of +1 in 2024, increasing from 42 at the start of the year to 43 at the end of the year. Another table indicates a net decrease of -5 franchised outlets, with the number decreasing from 176 to 171. A further table shows an increase of +7 total outlets, from 315 at the start of 2024 to 322 by year's end. Yet another table shows no change in total outlets, remaining at 8 for the entire year. Finally, one table reflects an increase of +2 total outlets, from 565 to 567 during 2024. These discrepancies may be due to different brands or reporting segments within Annex Brands.
These figures provide a mixed picture of Annex Brands's overall growth. While some segments show positive net changes in outlet numbers, others indicate a decline or no change. This inconsistency could reflect varying performance levels among different Annex Brands concepts or market conditions in specific regions. It is also important to note that company-owned outlets remained unchanged at 0 across all the tables provided.
A prospective franchisee should carefully examine which specific brand or segment these numbers pertain to. Understanding the context behind these figures is crucial for assessing the potential risks and opportunities associated with investing in an Annex Brands franchise. It would be prudent to discuss these discrepancies with the franchisor to gain a clearer understanding of the company's overall performance and growth strategy.
In summary, the net change in total Annex Brands outlets during 2024 varies from +1 to +7 in some tables, while others show -5, 0, or +2. A potential franchisee should seek clarification from Annex Brands to understand these differences and their implications for the specific franchise opportunity being considered.