What was the total number of Annex Brands outlets in Michigan at the start of 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 |
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, there were 16 outlets in Michigan at the start of 2023. The table provided in Item 20 of the FDD includes details about the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. This information is broken down by state and year.
For a prospective franchisee, this data offers insight into the brand's presence and performance in specific geographic areas. The stability of the number of outlets can indicate the strength and maturity of the franchise system in that state. A consistent number suggests a stable market, while increases or decreases could point to growth opportunities or potential challenges.
In Michigan, the number of Annex Brands outlets increased from 16 at the start of 2023 to 17 by the end of 2023, with one new outlet opening during the year. However, in 2024, the number decreased to 15, with two outlets ceasing operations for other reasons. This suggests that while there was initial growth, there have been some operational challenges in the following year. A potential franchisee should investigate the reasons behind the ceased operations to better understand the market dynamics and potential risks in Michigan.