table_specific

How many Chesters franchises were transferred to new owners in Maine during 2024?

Chesters Franchise · 2025 FDD

Answer from 2025 FDD Document

2022 to 2024

State Year Number of Transfers
Alabama 2022 0
2023 1
202

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 franchise transferred to a new owner in Maine during 2024. This information is detailed in Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers involving the franchisor.

This data point is important for prospective franchisees as it provides insight into the resale market for Chesters franchises. A higher number of transfers might indicate a more liquid market, where franchisees can more easily sell their businesses. Conversely, a low number could suggest challenges in transferring ownership, potentially due to performance issues, valuation disagreements, or other factors.

It's worth noting that this transfer data doesn't reveal the reasons behind the transfers. Franchisees may choose to sell for a variety of reasons, including retirement, pursuing other business ventures, or underperformance. A prospective franchisee should investigate further to understand the context behind these transfers and whether they represent any cause for concern.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.