Did any Annex Brands outlets open in Iowa during 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' 2025 Franchise Disclosure Document, one Annex Brands outlet was already operating in Iowa at the start of 2023, and no additional outlets opened during that year. The table shows that Iowa had one outlet at the start of 2023 and maintained one outlet at the end of 2023. This indicates that there were no new openings, closures, or other changes in the number of Annex Brands locations in Iowa during 2023.
For a prospective franchisee, this information provides insight into the stability and growth (or lack thereof) of Annex Brands in Iowa. The absence of new openings in 2023 could suggest a saturated market, limited growth opportunities, or strategic decisions by the franchisor regarding expansion in that specific state. It is important to note that this data reflects only a single year and may not be indicative of long-term trends.
It would be beneficial for a potential franchisee to investigate further into Annex Brands's plans for Iowa. Understanding the reasons behind the lack of new openings, as well as the performance of the existing store, would be crucial in assessing the potential for success in that market. This information, combined with broader market research and due diligence, can help a franchisee make an informed decision about investing in an Annex Brands franchise in Iowa.