What was the total revenue for Annex Brands in 2023?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenue: Continuing franchise fees Freight Insurance, customer referrals and other Merchandise and equipment sales Unit franchises sold | $ 14,919,000 | $ 15,167,000 | $ 15,260,000 |
| 2,487,000 | 3,985,000 | 3,594,000 | |
| 6,196,000 | 4,223,000 | 4,179,000 | |
| 661,000 | 775,000 | 634,000 | |
| 673,000 | 387,000 | 428,000 | |
| Total revenue | 24,936,000 | 24,537,000 | 24,095,000 |
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands's 2025 Franchise Disclosure Document, the total revenue for the company in 2023 was $24,537,000. This revenue is derived from several sources, including continuing franchise fees, freight insurance, customer referrals, merchandise and equipment sales, and unit franchises sold. Understanding the breakdown of these revenue streams can provide insight into the core business activities and potential income sources for both the franchisor and franchisees.
For a prospective franchisee, this figure highlights the overall financial health and stability of Annex Brands. A consistent revenue stream suggests a well-established business model and brand recognition. It also indicates the potential for franchisees to generate income through various channels, not solely relying on franchise fees. The diversity in revenue sources can buffer against market fluctuations in any single area.
It's important to note that while the total revenue provides a high-level overview, prospective franchisees should also examine the trends in each revenue category. For instance, a decline in unit franchises sold might indicate market saturation or increased competition, while growth in continuing franchise fees could reflect improved performance of existing franchise locations. Analyzing these trends in conjunction with other financial metrics can offer a more comprehensive understanding of the franchise's financial performance and future prospects.