In what year did one Annex Brands outlet in Michigan cease operations for other reasons?
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' 2025 Franchise Disclosure Document, one Annex Brands location in Michigan ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during the 2024 fiscal year. The provided table in Item 20 of the FDD details outlet data, including openings, closures, and changes in ownership.
Specifically, the table shows that in 2024, Michigan had 17 outlets at the start of the year, zero outlets opened, and two ceased operations for other reasons, resulting in 15 outlets at the end of the year. This indicates a net decrease of two locations due to these 'other reasons'.
Prospective franchisees should note that 'ceased operations for other reasons' can encompass a variety of circumstances, such as voluntary closures by the franchisee due to poor performance, relocation issues, or other unforeseen events. It is important for potential franchisees to inquire about the specific reasons behind closures in their target areas to better assess the risks and opportunities associated with the franchise.