How many Chatime franchise agreements have been signed but outlets not opened in Virginia?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchise Agreements | New Projected | Projected New Company | |||||
|---|---|---|---|---|---|---|---|
| State | Signed but Outlets Not Opened | Franchised Outletsin the Next Fiscal Year | Owned Outletsin the Next Fiscal Year | ||||
| Alabama | 1 | 1 | 0 | ||||
| Maryland | 1 | 1 | 0 | ||||
| Florida | 1 | 1 | 0 | ||||
| Texas | 3 | 4 | 0 | ||||
| New | 1 | 1 | 0 | ||||
| Jersey | |||||||
| Nevada | 2 | 2 | 0 | ||||
| Virginia | 1 | 1 | 0 | ||||
| Total | 10 | 11 | 0 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 53–58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, as of the end of 2024, there was one franchise agreement signed in Virginia for a Chatime outlet that had not yet opened. This means that a franchisee has committed to opening a Chatime location in Virginia, but the store is not yet operational.
This information is part of a larger table detailing the status of franchise agreements across various states. The table also indicates that Chatime projects one new franchised outlet to open in Virginia during the next fiscal year. Additionally, the table shows that there are no projected new company-owned outlets for Chatime in Virginia.
For a prospective franchisee, this indicates the current level of Chatime's development in Virginia. It suggests that there is already some interest and investment in the state, but also room for further expansion. It is important to note that the projection of one new franchised outlet for the next fiscal year is just an estimate and not a guarantee.