What was the amount received by Chatime in 2024 from franchise units that were not yet opened?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
,164,568 | | Total | $ 1,589,363 |
Deferred revenue consisted of the following at December 31, 2024 and 2023:
| 2024 | 2023 | |
|---|---|---|
| Franchis |
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, in 2024, Chatime received $1,305,154 from franchise units that were not yet opened. This figure reflects the revenue Chatime collected from franchisees before those locations commenced operations.
For a prospective franchisee, this indicates the scale of Chatime's pre-opening revenue streams, which could include initial franchise fees, pre-opening training fees, or other charges collected before a store's launch. Understanding the components of this revenue is crucial. Franchisees should inquire about what specific payments contribute to this $1,305,154 figure.
It's important to note that this number does not represent the total revenue of Chatime, but rather a portion specifically attributed to new franchise locations prior to their opening. This information can be useful in assessing the company's growth and financial stability, as well as understanding the financial obligations franchisees face before opening their Chatime location.