How many Chatime outlets in Guam ceased operations for other reasons in 2022?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
2 | 0 | | | 2023 | 0 | | | 2024 | 2 | | All States | 2022 | 0 | | | 2023 | 0 | | | 2024 | 2 | | State | Yea r | Outlets at Start or the Year | Outlets Opened | Termina- tions | Non- Renewals | Reacquired by Franchisor | Ceased Operation s – Other Reasons | Outlet s at End of the Year | |---|---|-
Source: Item 20 — Outlets and Franchisee Information (FDD pages 53–58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, one Chatime outlet in Guam ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2022. At the start of 2022, there were five outlets, and by the end of the year, there were four.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Chatime outlets in specific locations. Understanding why an outlet ceased operations—whether due to financial struggles, location issues, or other unforeseen circumstances—can help franchisees assess the risks associated with investing in a particular market.
It's important to note that the Guam outlets were added to the USA territory rights of Chatime Franchise LLC in 2024, after previously operating under agreements with Lakaffa International Ltd. This change in management could influence future operational outcomes. Prospective franchisees should investigate the reasons behind the outlet closure in Guam and consider how these factors might impact their own potential franchise.