How many Chatime development agreements were sold in 2024?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Development agreements sold | 7 | 2 |
| Multi-unit developments in operation | 2 | _ |
| Terminated outlets | _ | _ |
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the franchise sold 7 development agreements in 2024. This is an increase from 2023, in which Chatime sold 2 development agreements.
A development agreement allows a franchisee to open multiple Chatime locations within a specific territory. This contrasts with a single-unit franchise agreement, which grants the right to open only one location. Development agreements are typically pursued by more experienced or well-capitalized franchisees looking to expand rapidly.
The number of development agreements sold can be an indicator of the brand's growth and appeal to larger franchise operators. A prospective franchisee might consider this trend when evaluating the overall health and expansion strategy of the Chatime franchise system. It is important to note that while development agreements indicate planned expansion, the actual opening of stores depends on various factors, including site selection, financing, and local market conditions.