Are there any exceptions to the 365-day deadline for opening an Annex Brands center?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee agrees to comply with these conditions and to open the Center for business within 365 days after execution of this Agreement. Franchisee further agrees to open the Center for business under this Agreement within 5 days after Franchisor gives written notice to Franchisee stating that the Center is ready for opening. If Franchisee fails to open the Center within 365 days after execution of this Agreement, except in the event of delays caused by Franchisor and/or delays caused by the Premises Owner (as defined in Subsection 3.B of this Agreement), Franchisor may terminate the Franchise at any time thereafter (see Subsection 8.A of this Agreement).
Source: Item 22 — Contracts (FDD pages 109–110)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, a franchisee is generally required to open their center within 365 days of signing the Franchise Agreement. However, there are specific exceptions to this rule.
Delays caused directly by Annex Brands itself or by the Premises Owner (likely the landlord or property management company) are explicitly listed as exceptions. If either of these parties causes a delay, the franchisee may not be penalized or terminated for failing to meet the 365-day deadline.
It is important for prospective franchisees to understand these exceptions and to document any delays caused by Annex Brands or the Premises Owner. This documentation could be crucial in preventing termination of the franchise agreement if circumstances arise that push the opening date beyond the initial 365-day window. Franchisees should communicate proactively with Annex Brands and keep detailed records of all communications and any factors contributing to delays.