What was the total number of Annex Brands franchise transfers in 2024?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number Of Transfers |
|---|---|---|
| CA | 2022 | 9 |
| 2023 | 12 | |
| 2024 | 15 | |
| CO | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
| ID | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 |
| State | Year | Number Of Transfers |
|---|---|---|
| IN | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| KY | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| NC | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 3 | |
| OR | 2022 | 2 |
| 2023 | 2 | |
| 2024 | 1 | |
| TX | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 3 | |
| WA | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 2 | |
| Total | 2022 | 16 |
| 2023 | 16 | |
| 2024 | 26 |
| State | Year | Number Of Transfers |
|---|---|---|
| AZ | 2022 | 3 |
| 2023 | 0 | |
| 2024 | 0 | |
| CA | 2022 | 14 |
| 2023 | 17 | |
| 2024 | 19 | |
| CO | 2022 | 1 |
| 2023 | 2 | |
| 2024 | 1 | |
| CT | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| FL | 2022 | 3 |
| 2023 | 5 | |
| 2024 | 1 | |
| GA | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 2 | |
| ID | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| IN | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 3 | |
| KY | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| MA | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| MD | 2022 | 2 |
| 2023 | 1 | |
| 2024 | 2 | |
| MI | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| NC | 2022 | 0 |
All historical numbers in this Item 20 are for our fiscal years ended September 30, 2022, 2023 and 2024.
Exhibit D is a list of the names, cities and states and current business telephone numbers (or if unknown, last known home telephone numbers) of franchisees who had franchises terminated, cancelled, not renewed or reacquired by us (0); who otherwise voluntarily or involuntarily ceased to do business under their franchise agreements during our most recent fiscal year (46 franchisees transferred their franchises, and 19 franchisees ceased operations for other reasons); or who had not communicated with us within 10 weeks of the issuance date of this disclosure document (0).
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 number of franchise transfers varies by state. For example, in California, there were 15 transfers in 2024, while in Colorado, there were none. Other states, such as Indiana, Kentucky, North Carolina, Oregon, Texas and Washington, also experienced franchise transfers, with numbers ranging from 1 to 3. Some states like Arizona and Idaho reported zero transfers during the same period. Certain tables show totals for a limited number of states, such as 26 transfers across IN, KY, NC, OR, TX, and WA. Another table shows 46 transfers across several states. Some tables show zero transfers across all states. These numbers reflect Annex Brands' fiscal year, which ends on September 30, 2024.
It's important to note that the Item 20 data includes information for Annex Brands' fiscal years ending September 30, 2022, 2023, and 2024. The FDD also mentions that 46 franchisees transferred their franchises during the most recent fiscal year, while 19 franchisees ceased operations for other reasons. This indicates that franchise transfers are a notable aspect of the Annex Brands franchise system, and prospective franchisees should consider the reasons behind these transfers as part of their due diligence.
Given the discrepancies and variations in the provided data, it is advisable for potential franchisees to seek clarification from Annex Brands regarding the total number of franchise transfers in 2024 across the entire system. Understanding the reasons for transfers and the overall health of the franchise network is crucial for making an informed investment decision. The data suggests that transfer activity can vary significantly by location, so local market conditions and franchise performance should be carefully evaluated.