To whom are payments for flooring 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 |
|---|---|---|---|---|
| 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 |
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 flooring for an Express Retail Center are made either to Annex Brands itself ('Us') before opening the center. The estimated cost for flooring ranges from $5,000 to $8,500, payable in a lump sum.
This means that as a prospective Annex Brands franchisee, you should budget between $5,000 and $8,500 for flooring expenses. These payments are due before the retail center opens. It is important to note that the payment is made directly to Annex Brands.
Understanding to whom these payments are directed is crucial for managing your initial investment and ensuring proper allocation of funds. This information helps in planning the financial aspects of setting up the franchise and clarifies the payment structure for this particular expense.