What was the total number of Annex Brands outlets sold to franchisees across all states in 2024?

According to Annex Brands' 2025 Franchise Disclosure Document, there were zero outlets sold to franchisees across all states in 2024. The provided tables in Item 20 show a consistent count of '0' for outlets sold to franchisees in 2024, both when considering all states collectively and when examining individual state data. This indicates that Annex Brands did not engage in any transactions involving the sale of existing outlets to new franchisees during that year.

This data point is crucial for prospective franchisees as it provides insight into the company's growth strategy and franchisee network dynamics. A lack of resales could suggest stability within the existing franchisee base, or it could indicate a preference for new store openings rather than transferring existing locations. It is important to note that this information pertains specifically to the sale of existing outlets to franchisees, and does not reflect the opening of new franchise locations.

Potential franchisees should consider this information in conjunction with other data presented in Item 20, such as the number of new outlets opened, terminations, and transfers, to gain a comprehensive understanding of the health and evolution of the Annex Brands franchise system. Further investigation into the reasons behind the absence of resales in 2024 may be warranted during the due diligence process.