What was the total number of Annex Brands franchise transfers across all states 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 |
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 2024 was 46. This figure reflects the total number of existing Annex Brands franchises that were sold or transferred to new owners during that year. This number provides insight into the stability and desirability of the franchise system.
The number of transfers can be influenced by various factors, including the profitability of existing locations, the overall economic climate, and the franchisees' personal circumstances. A high number of transfers could indicate potential issues within the franchise system, such as low profitability or franchisee dissatisfaction, while a low number may suggest a stable and successful network.
For a prospective franchisee, understanding the number of transfers is crucial for assessing the risk and opportunity associated with investing in an Annex Brands franchise. It is important to investigate the reasons behind these transfers and evaluate the performance of transferred locations to make an informed decision. Reviewing transfer rates over multiple years can reveal trends and provide a more comprehensive understanding of the franchise's health.