How many Chesters franchises were transferred to new owners in Michigan during 2024?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
994 | -8 |
Table No. 2
Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2022 to 2024
| State | Year | Number of Transfers | |---|---|---| | Alabama | 2022 | 0 | | | 2023 | 1 | | | 2024 | 3 | | Alaska | 2022 | 0 | | | 2023 | 0 | | | 2024 | 0 | | Arkansas | 2022 | 0 | | | 2023 | 4 | | | 2024 | 1 | | Arizona | 2022 | 0 | | | 2023 | 0 |
| State | Year | Number of Transfers |
|---|---|---|
| 2024 | 1 | |
| California | 2022 | 0 |
| 2023 | 2 | |
| 2024 | 0 | |
| Florida | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Georgia | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 2 | |
| Illinois | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Indiana | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 0 | |
| Kansas | 2022 | 2 |
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 2024. This information is detailed in Table No. 2, which specifically tracks the transfers of outlets from franchisees to new owners, excluding transfers back to Chesters itself. The table provides a state-by-state breakdown of these transfers for the years 2022, 2023, and 2024.
For a prospective Chesters franchisee, this data indicates the recent history of franchise resales in Michigan. A low number of transfers could suggest stability within the Michigan market, or it could indicate difficulty in reselling franchises. It is important to note that this table only accounts for transfers to new owners and does not include instances where Chesters reacquired the franchise.
It would be prudent for a potential franchisee to investigate the reasons behind the transfer numbers. Speaking with current and former franchisees in Michigan could provide valuable insights into the local market conditions and the desirability of owning a Chesters franchise in that state. Understanding the reasons for any past transfers, whether positive or negative, can help a franchisee make a more informed decision.