How many Chatime multi-unit development agreements were sold in 2023?
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, Chatime sold 2 multi-unit development agreements in 2023. In 2024, Chatime sold 7 development agreements.
This information is relevant for prospective franchisees as it provides insight into the recent growth and expansion strategy of Chatime through multi-unit development. Multi-unit development agreements allow a single franchisee to open multiple locations within a specific territory, which can accelerate brand growth.
Reviewing the trend in development agreements sold over the past two years can help potential franchisees understand the demand for Chatime franchises and the company's focus on expanding its footprint. This data, combined with other factors such as market analysis and financial projections, can inform a franchisee's decision-making process.