What was the total number of Annex Brands franchise transfers in 2023 across all states?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number Of Transfers |
|---|---|---|
| 2023 | 1 | |
| 2024 | 4 | |
| OR | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 1 | |
| PA | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| SC | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| TX | 2022 | 3 |
| 2023 | 5 | |
| 2024 | 7 | |
| VA | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| WA | 2022 | 3 |
| 2023 | 1 | |
| 2024 | 2 | |
| Total | 2022 | 46 |
| 2023 | 37 | |
| 2024 | 46 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 78–109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the total number of franchise transfers in 2023 was 37 across all states. This figure provides insight into the stability and desirability of Annex Brands franchises. A higher number of transfers could indicate a more active market for resales, but it could also signal potential issues with franchisee profitability or satisfaction. Conversely, a very low number might suggest a lack of liquidity or interest in selling existing franchises.
For a prospective franchisee, understanding the reasons behind franchise transfers is crucial. It would be prudent to investigate why franchisees are choosing to transfer their locations. Are they retiring, relocating, or facing financial difficulties? The answers to these questions can offer valuable insights into the health and viability of an Annex Brands franchise.
It's also important to note the variations in transfer activity across different states. For example, Texas had 5 transfers in 2023, while Virginia had none. These differences could be attributed to regional economic conditions, local market saturation, or other factors specific to those areas. A prospective franchisee should consider these regional trends when evaluating potential locations and assessing the overall risk and opportunity associated with an Annex Brands franchise.