What was the net change in the number of Chatime outlets in Ohio between 2022 and 2024?
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, the number of Chatime outlets in Ohio remained constant between 2022 and 2024. The provided table shows the status of franchise outlets from 2022 to 2024. In Ohio, there was 1 outlet at the start of 2022, 1 outlet opened, 1 ceased operations for other reasons, and 1 outlet at the end of the year. In both 2023 and 2024, there was 1 outlet at the start of the year and 1 outlet at the end of the year, with no openings, terminations, non-renewals, re acquisitions by the franchisor, or ceased operations for other reasons.
This indicates that while there was some initial activity in 2022 with an opening and a closure, the overall number of Chatime locations in Ohio did not change between 2022 and 2024. For a prospective franchisee, this could suggest a stable market presence in Ohio, but it's important to investigate the reasons behind the outlet that ceased operations in 2022 to understand potential challenges or opportunities in the area.
It would be beneficial for a potential franchisee to further research the specific reasons for the single closure in 2022. Understanding the factors that led to that closure can provide valuable insights into the local market dynamics and help in making an informed decision about investing in a Chatime franchise in Ohio. This information is not available in the provided excerpts.