In 2022, what was the number of Chesters transfers of outlets from franchisees to new owners in Michigan?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
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| State | Year | Number of Transfers |
|---|---|---|
| Mississippi | 2022 | 0 |
| 2023 | 2 | |
| 20 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 38–48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, there was one transfer of a Chesters outlet from a franchisee to a new owner in Michigan during 2022. This information is part of a table detailing such transfers across various states and years.
This data point is relevant for prospective franchisees as it provides insight into the resale market and the potential for transferring ownership of a Chesters franchise. A higher number of transfers might indicate a more liquid market, while a lower number could suggest fewer opportunities to exit the business through a sale.
It is important to note that this transfer data does not include transfers back to Chesters itself, only those between franchisees. Reviewing transfer rates alongside new outlet openings and closures can provide a more comprehensive understanding of the stability and health of the Chesters franchise system in specific geographic areas.