What is the high-end estimated initial investment for a Chatime multi-unit development agreement for ten locations?

According to Chatime's 2025 Franchise Disclosure Document, the high-end estimated initial investment for a multi-unit development agreement for ten locations is $699,900. This figure includes a $274,900 multi-unit development fee for ten locations, plus a $425,000 high-end estimated initial investment for the first Chatime location. The multi-unit development fee serves as full credit against the initial franchise fees for each location, including the first.

This initial investment covers the costs associated with securing the rights to develop multiple Chatime franchises and opening the first store. It's important to note that this estimate does not include the costs for opening the subsequent nine locations. A prospective franchisee should carefully consider the capital requirements for each additional location, as these costs will be incurred over the development period.

Chatime specifies that the multi-unit development fee is non-refundable, regardless of how many units the franchisee ultimately opens. This means that if a franchisee signs an agreement for ten locations but only opens a portion of them, they will not receive a refund for the remaining locations' development fees. Therefore, a prospective Chatime franchisee should carefully assess their ability to meet the development schedule and financial obligations before entering into a multi-unit development agreement.