Will Annex Brands provide written substantiation of the financial information upon request?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
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- We will make written substantiation of the information above available to you on reasonable request. This analysis is intended to be used as a reference when you conduct due diligence before signing our franchise agreement. We recommend that you make your own independent investigation to determine whether a center may be profitable, and that you consult with legal, accounting and other business advisors before signing our franchise agreement.
Source: Item 19 — Financial Performance Representations (FDD pages 74–78)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, Annex Brands will provide written substantiation of the financial performance information presented in Item 19 upon reasonable request. This substantiation is intended to assist prospective franchisees in their due diligence process before signing the franchise agreement.
The FDD emphasizes that the financial performance information is based on sales reports submitted by franchisees, which have not been audited or independently verified by Annex Brands. However, Annex Brands states that they are not aware of any instances where franchisees have overstated their Gross Sales or Gross Receipts.
Annex Brands recommends that prospective franchisees conduct their own independent investigation to determine if an Annex Brands center may be profitable. They also advise consulting with legal, accounting, and other business advisors before signing the franchise agreement. This highlights the importance of verifying the franchisor's claims and conducting thorough due diligence to assess the potential risks and rewards of investing in an Annex Brands franchise.