What was the total amount of additions for initial franchise fees for Chatime in 2024?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
hencurrent term. The Company pays a 1.25% monthly royalty fee to the Licensor based on franchise outlet gross sales. Royalties paid to the Licensor for the year ended December 31, 2024 totaled $22,115, which is included in "Selling, general and administrative expenses" in the accom
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
I am unable to provide the exact figure for total additions for initial franchise fees for Chatime in 2024, as this specific financial data is not present within the provided excerpts from the 2025 FDD. The excerpts do contain information regarding various fees, such as the New Outlet Fee, Development Fee, and Renewal Outlet Fee, but do not provide a summary of total initial franchise fees collected. The excerpts also detail royalty payments made by Chatime to its licensor in 2024, which totaled $22,115. These royalty payments are distinct from initial franchise fees paid by franchisees.
To obtain the total amount of additions for initial franchise fees for Chatime in 2024, a prospective franchisee should consult Item 23 of the complete 2025 Franchise Disclosure Document. This section typically includes detailed financial statements and revenue breakdowns, which would provide the necessary information.
Alternatively, a potential franchisee could directly ask the franchisor for this specific figure during their due diligence process. Understanding the franchisor's revenue streams and the contribution of initial franchise fees is crucial for assessing the financial health and growth potential of the franchise system.