Did any Annex Brands outlets in New Jersey close due to non-renewal between 2022 and 2024?
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 Annex Brands outlets in New Jersey that closed due to non-renewal between 2022 and 2024. The provided table shows the changes in outlet numbers for New Jersey and other states over the past three years.
Specifically, for New Jersey, the table indicates the number of outlets at the start of each year, the number of outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. For each year from 2022 to 2024, the 'Non-Renewals' column shows a '0' for New Jersey, indicating that no closures occurred due to non-renewal of franchise agreements.
This information is crucial for potential franchisees as it provides insight into the stability and longevity of Annex Brands franchises in specific locations. A high number of non-renewals could indicate issues with franchisee profitability or franchisor-franchisee relations, while a consistent '0' suggests stable franchise operations in New Jersey.