In which state did Annex Brands have the most franchise transfers in 2022?

According to Annex Brands' 2025 Franchise Disclosure Document, California recorded the highest number of franchise transfers in 2022 with 14 transfers. This figure is notably higher than other states, with the next highest being Arizona and Florida, both recording 3 transfers each. This data indicates a potentially active market for buying and selling existing Annex Brands franchises in California compared to other regions.

For a prospective franchisee, a high number of transfers could suggest a few possibilities. It may point to a liquid market where it's easier to resell a franchise if needed. However, it could also signal underlying issues such as franchisee dissatisfaction or financial struggles that lead to more frequent sales. It is important to investigate the reasons behind these transfers to understand the health and stability of Annex Brands franchises in California.

It would be prudent for potential franchisees to further explore the reasons behind the high transfer rate in California. Speaking with current and former franchisees in the state could provide valuable insights. Additionally, understanding the performance and profitability of transferred franchises could help in assessing the risks and opportunities associated with investing in an Annex Brands location in California. This due diligence is essential for making an informed decision.