What was the total number of Annex Brands outlets opened across all states in 2024?
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 |
|---|---|---|---|---|---|---|---|---|
| UT | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| VA | 2022 | 13 | 0 | 0 | 0 | 0 | 0 | 13 |
| 2023 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | |
| 2024 | 13 | 0 | 0 | 0 | 0 | 0 | 13 | |
| WA | 2022 | 10 | 0 | 0 | 0 | 0 | 0 | 10 |
| 2023 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| 2024 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
| WI | 2022 | 3 | 0 | 0 | 0 | 0 | 1 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| Total | 2022 | 559 | 13 | 0 | 0 | 0 | 10 | 562 |
| 2023 | 562 | 15 | 0 | 0 | 0 | 12 | 565 | |
| 2024 | 565 | 21 | 0 | 0 | 0 | 19 | 567 |
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 21 total outlets opened across all states in 2024. This is based on the data provided in Item 20, which details outlet information by state and year. This number reflects the aggregate growth of the Annex Brands franchise system during that year.
For a prospective franchisee, this information indicates the rate at which Annex Brands is expanding. A higher number of new openings could suggest a strong and growing brand, while a lower number might prompt further investigation into the reasons behind the slower growth. It's important to consider this number in conjunction with other data, such as closures and transfers, to get a complete picture of the franchise system's health.
It is also important to note that while 21 outlets opened, 19 ceased operations for other reasons. This means that the net increase in the number of Annex Brands locations was only 2. A prospective franchisee should inquire about the reasons for the closures to better understand the risks involved in opening a franchise.