What was the net change in the number of franchised Chesters restaurants in 2024?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 1076 | 1081 | 5 |
| 2023 | 1081 | 1002 | -79 | |
| 2024 | 1002 | 994 | -8 | |
| Company-Owned | 2022 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | |
| 2024 | 0 | 0 | 0 | |
| Total Outlets | 2022 | 1076 | 1081 | 5 |
| 2023 | 1081 | 1002 | -79 | |
| 2024 | 1002 | 994 | -8 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 38–48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the net change in the number of franchised Chesters restaurants in 2024 was -8. This means that the total number of franchised locations decreased by 8 during that year. At the start of 2024, there were 1002 franchised outlets, and by the end of the year, the number had dropped to 994.
This decrease could be due to several factors, such as closures, terminations, or non-renewals of franchise agreements. It is important to note that this number only reflects the net change in franchised outlets and does not include any company-owned restaurants, as Chesters did not have any company-owned restaurants during this period.
A prospective franchisee should investigate the reasons behind this decrease to understand the potential risks and challenges of operating a Chesters franchise. Understanding the factors that contributed to the net decrease in franchised locations can provide valuable insights into the health and stability of the Chesters franchise system.