How many Caption By Hyatt outlets were open in Tennessee at the start of 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| Col. 1 | Col. 2 | Col. 3 | Col. 4 | Col. 5 | Col. 6 | Col. 7 | Col. 8 |
|---|---|---|---|---|---|---|---|
| State | Year | Outlets at Start of the Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of the Year |
| Tennessee | 2022 | 0 | 1 | 0 | 0 | 0 | 0 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2022 | 0 | 1 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 81–84)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, there was one Caption By Hyatt outlet open in Tennessee at the start of 2023. The FDD provides a table outlining the number of outlets at the start of each year, outlets opened, reacquired, closed, and sold, as well as the number of outlets at the end of the year. This information is broken down by state for the years 2022, 2023, and 2024.
For a prospective franchisee, this data offers insights into the brand's growth and presence in specific states. The table shows that in 2022, there were no Caption By Hyatt outlets in Tennessee at the start of the year, but one opened during the year. By the start of 2023, there was one outlet. This suggests a recent expansion into the Tennessee market. No outlets were opened, reacquired, closed, or sold in 2023, so the year ended with one outlet. The number of outlets remained constant through 2024.
It's important to note that the FDD includes both company-owned and managed outlets in these figures. A prospective franchisee should consider this information in conjunction with other factors, such as market demographics and competition, to assess the potential for success in Tennessee or other states. Further research into the performance of the existing outlet in Tennessee could provide valuable insights for potential franchisees.