What was the total number of Chatime outlets reacquired by the franchisor 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 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | CA | 2022 | 3 | 0 | 0 | 0 | 0 | 2 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | FL | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | | 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | GA* | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | GU** | 2022 | 5 | 0 | 0 | 0 | 0 | 1 | 4 | | | 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | KS | 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | | 2024 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | | MD | 2022 | 3 | 3 | 0 | 0 | 0 | 0 | 6 | | | 2023 | 6 | 0 | 0 | 0 | 0 | 2 | 4 | | | 2024 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | | State | Yea r | Outlet s at Start or the Year | | | | | | | | MI | 2022 | 1 | | | | | | | See Notes above at Table 1.
* The Georgia location that was not renewed was an outlet issued by Chatime USA LLC
** The outlets in Guam (GU) were added to the USA territory rights of Chatime Franchise LLC in 2024 when we took on four (4) existing operating outlets under new agreements issued by us. The
Guam outlets previously operated under agreements with our affiliate, Lakaffa International Ltd.
Source: Item 20 — Outlets and Franchisee Information (FDD pages 53–58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, across all states, there were zero outlets reacquired by the franchisor in 2023. The provided table, which details the status of franchise outlets from 2022 to 2024, lists the number of outlets reacquired by Chatime in each state for those years.
For a prospective franchisee, this data point is crucial in understanding the stability and health of the franchise system. A high number of reacquired outlets could indicate potential issues with franchisee success or franchisor-franchisee relations. The fact that no Chatime locations were reacquired in 2023 suggests a stable franchise network during that period.
It's important to note that this information is just one piece of the puzzle when evaluating a franchise opportunity. A prospective franchisee should also consider other factors such as terminations, non-renewals, and transfers to get a comprehensive understanding of the franchise system's dynamics. Additionally, speaking with current and former franchisees can provide valuable insights into the franchisor-franchisee relationship and the overall health of the business.