How many Chatime franchises were sold in 2023?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Franchises sold | 6 | 1 |
| Franchises purchased | - | - |
| Franchised outlets in operation | 1 | - |
| Corporate outlets in operation | 3 | _ |
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the company sold a total of 1 franchise in 2023. This number reflects the total number of new franchise agreements signed during that year.
For a prospective franchisee, this information provides insight into the brand's growth trajectory and market acceptance. A low number of franchise sales could indicate a cautious approach to expansion, market challenges, or a relatively new franchise system. Conversely, a high number might suggest strong brand recognition and franchisee interest.
It's important to consider this figure in conjunction with other data points in the FDD, such as the number of franchise terminations, transfers, and the overall financial performance of existing Chatime locations. This will provide a more comprehensive understanding of the franchise system's health and stability. A prospective franchisee should also inquire about Chatime's specific growth plans and strategies for the coming years to assess the potential for future expansion and support.