What was the total number of Annex Brands outlets operating at the end of 2024?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets At Start Of Year | Outlets At End Of Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 559 | 562 | +3 |
| 2023 | 562 | 565 | +3 | |
| 2024 | 565 | 567 | +2 | |
| Company- | 2022 | 1 | 0 | -1 |
| Owned | ||||
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 560 | 562 | +2 |
| 2023 | 562 | 565 | +3 | |
| 2024 | 565 | 567 | +2 |
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 outlets operating at the end of 2024 was 567. This number is derived from the 'Total Outlets' category, which indicates that there were 565 outlets at the start of the year and 567 at the end, representing a net increase of 2 outlets. This data provides a snapshot of the overall network size and its growth over the year.
Additionally, for a different segment of Annex Brands, the total number of outlets went from 315 at the start of 2024 to 322 at the end of 2024. This represents a net increase of 7 outlets for this particular group. This suggests that Annex Brands is experiencing growth in its outlet numbers across different segments of its franchise system.
Furthermore, another segment of Annex Brands reported a decrease in total outlets, going from 176 at the start of 2024 to 171 at the end of 2024, resulting in a net decrease of 5 outlets. This indicates that while some parts of the Annex Brands system are expanding, others may be facing challenges leading to a reduction in the number of operational outlets. It's important to note that these figures represent different groups or segments within the Annex Brands franchise system, and the overall performance of the brand should be evaluated considering these different trends.