How many Chesters franchises were transferred to new owners in Michigan during 2023?
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 were zero franchise transfers to new owners in Michigan during 2023. This information is detailed in Table No. 2, which outlines transfers of outlets from franchisees to new owners, excluding transfers to the franchisor, for the years 2022 to 2024.
This data point is crucial for prospective franchisees as it provides insight into the stability and desirability of existing Chesters franchises in Michigan. A low number of transfers could indicate franchisee satisfaction or, conversely, a lack of market interest in acquiring existing locations.
It is important to note that this table specifically tracks transfers to new owners, not including instances where Chesters itself reacquired the location. Reviewing transfer rates in other states and across multiple years can provide a more comprehensive understanding of franchise resale activity within the Chesters system.