To whom are payments for deposits and pre-paid expenses made for an Annex Brands Express Retail Center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure (1) | Amount (2) | Method of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Deposits and pre-paid | $13,500 - $20,000 | As agreed | As incurred | Us and suppliers you |
| expenses (15) | choose |
Source: Item 7 — Estimated Initial Investment (FDD pages 32–39)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the payments for deposits and prepaid expenses, which range from $13,500 to $20,000, are to be made to Annex Brands and to suppliers that the franchisee chooses. These expenses are incurred as agreed upon between Annex Brands and the franchisee.
These deposits and prepaid expenses are part of the estimated initial investment required to start an Annex Brands Express Retail Center. It's important to note that the specific amount within the stated range will depend on factors such as the location and specific requirements of the retail center.
Prospective franchisees should carefully consider these initial costs and factor them into their financial planning. Understanding to whom these payments are made is crucial for budgeting and managing cash flow during the initial setup phase. Franchisees should also confirm with Annex Brands a detailed breakdown of these expenses to ensure accurate financial projections.