How many Chesters franchises were transferred to new owners in New York during 2023?

According to Chesters's 2025 Franchise Disclosure Document, there was one franchise transferred to a new owner in New York during 2023. This information is detailed in Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers back to the franchisor. The table provides a state-by-state breakdown of these transfers for the years 2022 to 2024.

For a prospective Chesters franchisee, this data point offers insight into the stability and desirability of existing franchise locations. A low number of transfers could indicate franchisee satisfaction and success, while a higher number might warrant further investigation into the reasons behind the transfers. Understanding the context behind these transfers, such as the financial performance of the locations or the personal circumstances of the franchisees, is crucial.

It's important to note that this table only accounts for transfers to new owners and does not include instances where the franchise was reacquired by Chesters. Reviewing this transfer data in conjunction with other data points in Item 20, such as terminations, non-renewals, and ceased operations, can provide a more comprehensive understanding of franchisee turnover within the Chesters system. A prospective franchisee should also speak with current and former franchisees to gather additional insights into the transfer process and the overall health of the Chesters franchise network.