How many Chatime outlets were terminated in North Dakota during 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 | |---|---|---|---|---|---|---|---|---| | 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, there were no Chatime outlets terminated in North Dakota during 2022. The provided table outlines the status of franchise outlets from 2022 to 2024, showing one outlet in North Dakota listed under 'Outlets at Start of the Year' in 2022. That same outlet is categorized as 'Ceased Operations – Other Reasons'.
This data is crucial for prospective franchisees as it offers insights into the stability and performance of Chatime franchises in specific locations. The 'Terminations' column indicates instances where the franchise agreement was ended by either the franchisor or franchisee, while 'Ceased Operations – Other Reasons' could include closures due to various factors such as poor performance, relocation, or other unforeseen circumstances.
For a potential Chatime franchisee, understanding the reasons behind outlet closures is essential for assessing the risks and opportunities associated with investing in a particular region. Further investigation into the 'Ceased Operations – Other Reasons' for the North Dakota outlet in 2022 would provide a clearer picture of the challenges and potential pitfalls in that market.