How many Chatime outlets in Maryland ceased operations for other reasons in 2023?
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 | |---|---|---|---|---|---|---|---|---| | AL | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 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, in 2023, two Chatime outlets in Maryland ceased operations for reasons other than terminations, non-renewals, or reacquisition by the franchisor. This means that these outlets closed for a variety of other possible reasons.
For a prospective franchisee, this information is crucial for assessing the stability and potential risks associated with operating a Chatime franchise in Maryland. Understanding why outlets close, beyond the typical reasons, can provide insights into market conditions, operational challenges, or other factors impacting the success of Chatime franchises in that specific region.
It would be prudent for a potential Chatime franchisee to investigate the specific reasons behind these closures to better evaluate the investment opportunity. This could involve speaking with current and former franchisees, as well as directly addressing the franchisor to gain a deeper understanding of the circumstances surrounding these closures.