What is the potential cost range for package lockers for an Annex Brands Express Retail Center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
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Note 4: A 24-hour access security gate and digital keypad entry are required to have package lockers. Based on the location and previous use of the facility, and other factors, a 24-hour access security gate, digital keypad entry and package lockers may not be required for a new express retail center or if you are converting a qualified existing business to a standard or flex retail center (see Item 5 and Note 6 of this Item for more information).
Note 5: Signage includes interior and exterior signs that bear our trademarks, and other signage that may include standard products and services offered at the center, center location information, etc. in accordance with our specifications. The cost and requirements for signage will vary based on the type, size and location of the signs, and may be affected by city codes and other local restrictions.
Note 6: The cost for construction services will vary widely depending on the size, condition and location of your standard, flex or express retail center, your lease, and other factors, but typically will be between $50 and $75 per square foot for a standard, flex or express retail center. For a new standard or flex retail center, the constructions services include the purchase and installation of a 24-hour access security gate and digital keypad entry ranging in cost from $10,000 to $15,000.
Source: Item 7 — Estimated Initial Investment (FDD pages 32–39)
What This Means (2025 FDD)
According to the 2025 FDD, the need for package lockers at an Annex Brands Express Retail Center depends on the location and previous use of the facility. A 24-hour access security gate and digital keypad entry are required to have package lockers.
The FDD states that for a new Annex Brands Express Retail Center, the construction services, which may include the purchase and installation of a 24-hour access security gate and digital keypad entry, can range from $0 to $15,000. This implies that if a 24-hour access security gate and digital keypad entry are not required, package lockers may not be required either.
It is important to note that these costs are estimates and can vary based on the specific location, condition of the facility, and other factors. A prospective Annex Brands franchisee should clarify with Annex Brands whether package lockers are necessary for their specific location and what the associated costs would be.