When are payments for flooring due 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 |
|---|---|---|---|---|
| Initial franchise fee (3) | $17,500 | Lump sum | On signing franchise agreement | Us |
| Fixtures | $17,000 - $23,000 | Lump sum | Before opening | Us |
| Mailboxes | $8,000 - $11,000 | Lump sum | Before opening | Us |
| Package lockers (4) | $0 - $2,500 | |||
| Flooring | $5,000 - $8,500 | Lump sum | Before opening | Us |
| Interior signage (5) | $1,000 - $2,500 | Lump sum | Before opening | Us or suppliers you choose |
| Exterior signage (5) | $3,500 - $8,000 | Lump sum | Before opening | Us or suppliers you choose |
| Construction services (6) | $20,000 - $50,000 | As agreed | Before opening | Us or substitute licensed contractor |
| Construction consultation fee, if applicable (7) | (7) | Before construction begins | Before opening | Us |
| Equipment (8) | $2,000 - $4,000 | As agreed | Before opening | Us or suppliers you choose |
| Computer hardware, and software programs and licenses (9) | $4,500 - $9,600 | Lump sum | Before or at initial training | Software: us and suppliers Hardware: us or suppliers you choose |
| Initial inventory (10) | $2,000 - $4,000 | Lump sum | Before opening | Us or suppliers you choose |
| Insurance (11) | $0 - $7,000 | As agreed | As incurred | Insurance company |
| Online financial training portal license and administrative fee | $330 | Lump sum | On signing franchise agreement | Us |
| Travel, lodging and meals | $1,000 - $4,000 | Lump sum | As incurred | Suppliers you |
| for initial training | choose | |||
| New Center/New Owner Marketing Program deposit (13) | $5,500 | Lump sum | Before or at initial training | Us |
| Supplies (14) | $1,000 - $2,500 | As agreed | As incurred | Us or suppliers you choose |
| Business licenses, | $300 - $500 | As agreed | As incurred | Government |
| busi |
Source: Item 7 — Estimated Initial Investment (FDD pages 32–39)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the payment for flooring for an Express Retail Center is due before opening. The estimated cost for flooring ranges from $5,000 to $8,500, and payment is made in a lump sum to Annex Brands.
This means that a prospective Annex Brands franchisee needs to budget for this expense and ensure funds are available prior to the retail center's launch. It's important to factor this into the overall initial investment and pre-opening expenses.
Understanding when payments are due helps in managing cash flow during the initial phase of setting up the franchise. Franchisees should confirm these payment terms with Annex Brands and factor in potential variations based on specific circumstances or vendor agreements.