Did any Annex Brands outlets in Mississippi have their franchise agreements terminated in 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 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| AZ | 2022 | 2 | 0 | 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 no franchise agreement terminations for Annex Brands locations in Mississippi during 2023. The FDD indicates that one location in Mississippi ceased operations for other reasons during 2023.
Specifically, the table shows that at the start of 2023, there were four Annex Brands outlets in Mississippi. During 2023, there were zero outlets opened, zero terminations, zero non-renewals and zero re acquisitions by the franchisor. One outlet ceased operations for other reasons, resulting in three outlets at the end of the year.
This information is valuable for potential franchisees as it provides insight into the stability and performance of existing Annex Brands franchises. While no franchises were terminated in Mississippi, the fact that one ceased operations for other reasons could warrant further investigation to understand the reasons behind the closure and whether it reflects any challenges specific to that location or the Mississippi market in general.