What is the trend in the total number of Chatime outlets opened between 2022 and 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 | 0 | |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| TX | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| WA | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 2022 | 17 | 5 | 0 | 0 | 0 | 6 | 16 |
| 2023 | 16 | 1 | 0 | 0 | 0 | 3 | 1 |
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 total number of outlets opened system-wide has fluctuated between 2022 and 2024. In 2022, 5 outlets were opened. This decreased significantly to only 1 outlet opened in 2023. However, the number of outlets opened increased to 3 in 2024. This data reflects the total number of Chatime outlets opened across all states during the specified years.
For a prospective franchisee, this data indicates some volatility in the growth of the Chatime system. While 2022 saw a relatively strong number of openings, 2023 experienced a sharp decline. The increase in 2024 suggests a potential rebound, but it's important to consider the factors that may have contributed to these fluctuations. These factors could include economic conditions, market saturation in certain areas, or changes in Chatime's franchise development strategy.
It is important to note that while the total number of outlets opened increased from 1 in 2023 to 3 in 2024, the total number of outlets at the end of the year only increased by 2, from 14 to 16. This is due to 1 non-renewal during 2024. A prospective franchisee should investigate the reasons behind these closures and non-renewals to assess the overall health and stability of the Chatime franchise system. Understanding these trends can help a franchisee make an informed decision about investing in a Chatime franchise.