How many Chatime outlets were transferred in Tennessee during 2024?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
|---|---|---|---|---|---|---|---|---|
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| NY | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| ND | 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| OH | 2022 | 1 | 1 | 0 | 0 | 0 | 1 | 1 |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| TN | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 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 transfers of Chatime franchise outlets in Tennessee during 2024. The provided table outlines the status of franchise outlets for the years 2022 to 2024, showing that in Tennessee, there were zero outlets at the start of 2022, 2023 and 2024. In 2024 one outlet was opened. There were no terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons. At the end of 2024 there was one outlet in operation.
This information is crucial for potential franchisees as it provides insight into the stability and changes within the Chatime franchise system in specific states. A transfer typically indicates a change in ownership from one franchisee to another, which can be due to various reasons such as the original franchisee deciding to sell, retire, or facing financial difficulties. The absence of transfers in Tennessee during 2024 could suggest stability within the existing franchises in that state.
However, it's also important to consider that a low number of transfers doesn't necessarily guarantee success or stability. Prospective franchisees should investigate further to understand the reasons behind these numbers. They should also look into the performance and satisfaction of existing franchisees in Tennessee to get a comprehensive understanding of the market. Additionally, it is important to note that the table includes data regarding outlets opened, terminated, non-renewed, reacquired or ceased operations. This information can be useful in determining the overall health of the Chatime franchise in a specific state.