In which state did an Annex Brands outlet cease operations for other reasons in 2023?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operations For Other Reasons | Outlets At End Of Year | |---|---|---|---|---|---|---|---|---| | AR | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | AZ | 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | | 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | | CA | 2022 | 186 | 5 | 0 | 0 | 0 | 2 | 189 | | | 2023 | 189 | 6 | 0 | 0 | 0 | 4 | 191 | | | 2024 | 191 | 6 | 0 | 0 | 0 | 6 | 191 |
| State | Year | Outlets At Start Of Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired By Franchisor | Ceased Operations For Other Reasons | Outlets At End Of Year |
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Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, several states experienced an outlet ceasing operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2023. Specifically, one outlet each in Alabama, Maryland, and North Carolina, and four outlets in California ceased operations for other reasons. Additionally, one outlet in New York and one in South Carolina also ceased operations for other reasons.
These closures could be due to a variety of factors, such as poor performance, failure to meet brand standards, or other unforeseen circumstances. It is important to note that these closures do not necessarily reflect the overall health of the Annex Brands franchise system, as other outlets may have opened or performed well during the same period.
A prospective franchisee should inquire about the specific reasons for these closures and the overall performance of outlets in these states. Understanding the factors that contribute to closures can help a franchisee make informed decisions and mitigate potential risks. It would also be wise to ask Annex Brands what support they offer franchisees to prevent closures.