Where can I find the amount of the 'New Outlet Fee' payable to Chatime?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
- (41) New Outlet Fee means the fee payable by Franchisee to Franchisor for each new Outlet opened in the Territory in the amount specified in Section 5 of Schedule 1.
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the definition of 'New Outlet Fee' can be found in Item 23, where it is defined as the fee payable by the franchisee to Chatime for each new outlet opened in the territory. The specific amount of this fee is detailed in Section 5 of Schedule 1.
For a prospective Chatime franchisee, this means that to determine the exact amount of the New Outlet Fee, they must refer to Section 5 of Schedule 1 within the franchise agreement. This fee is a crucial initial investment consideration, as it is paid for each new outlet opened.
It is important for potential franchisees to carefully review Section 5 of Schedule 1 to understand the full financial obligation associated with opening new Chatime outlets. Understanding this fee is essential for accurate financial planning and assessing the overall investment required to establish and grow a Chatime franchise.