What was the net change in the total number of Chesters outlets in 2022?
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 total number of Chesters outlets experienced a net increase of 5 locations in 2022. This was calculated from 1,076 outlets at the start of the year to 1,081 outlets by the end of 2022. This net change includes both franchised and company-owned outlets. In 2022, all Chesters locations were franchised, with zero company-owned stores.
For a prospective franchisee, this indicates a slight expansion of the Chesters brand in 2022. While a net increase of 5 locations is not a large number, it does show positive growth. It is important to note that the following year, 2023, saw a significant decrease of 79 locations. Therefore, it would be prudent for a potential franchisee to investigate the reasons behind these fluctuations in outlet numbers to better understand the stability and growth potential of the Chesters franchise.
Understanding the dynamics of outlet openings and closures is crucial for assessing the health and attractiveness of a franchise system. While a single year's data provides a snapshot, examining trends over several years, as presented in the FDD, offers a more comprehensive view. A prospective franchisee should consider these trends, along with other factors such as financial performance and market conditions, before making a decision to invest in a Chesters franchise.