Across all states, how many Chatime franchises were transferred in 2023?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Maryland | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 2 | |
| 2022 | 0 | |
| All | 2023 | 0 |
| States | ||
| 2024 | 2 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 53–58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, there were zero franchise transfers across all states in 2023. This information is detailed in Table 2, which specifically tracks the transfer of franchise outlets from franchisees to new owners, excluding transfers back to Chatime itself.
For a prospective franchisee, a low number of transfers could be interpreted in several ways. It may suggest that existing franchisees are generally satisfied with their businesses and are not looking to sell. Alternatively, it could indicate challenges in the resale market, where franchisees struggle to find buyers when they do decide to sell. Understanding the reasons behind the transfer rate is crucial.
It is important to note that this data only reflects transfers to new owners and does not include instances where Chatime reacquired the franchise. The overall health and stability of the Chatime franchise system depends on various factors, and the transfer rate is just one piece of the puzzle. Prospective franchisees should investigate further to understand the reasons behind franchise transfers, terminations, and non-renewals to get a comprehensive view of the franchise system's dynamics.