How many Chesters franchises were transferred to new owners in Tennessee during 2024?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
2022 to 2024
| State | Year | Number of Transfers |
|---|---|---|
| Alabama | 2022 | 0 |
| 2023 | 1 | |
| 2024 |
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 Tennessee during 2024. This information is detailed in Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers back to Chesters itself.
The absence of transfers in Tennessee for 2024 might suggest stability within the Chesters franchise network in that state. However, it's important to consider this figure in the context of previous years and overall franchise performance. For instance, the table shows there was one transfer in Tennessee during 2023.
Prospective franchisees should investigate further to understand the reasons behind franchise transfers, or the lack thereof, in specific states. Factors such as franchisee profitability, local market conditions, and the level of support provided by Chesters can all influence transfer activity. Reviewing Item 20 in its entirety will provide a more comprehensive view of franchise activity within the Chesters system.