What was the rental expense for Chesters in 2022?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
11. RELATED PARTY TRANSACTIONS
The Company enters into a number of transactions with certain entities with common ownership and other related parties. The following table summarizes the transactions:
| 2023 | 2022 |
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Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the company's rental expense in 2022 was $1,143,300. This figure reflects the costs Chesters incurred for renting properties or facilities used in its operations during that year.
For a prospective franchisee, understanding Chesters's rental expenses can provide context, though it's important to remember that this is the franchisor's expense, not necessarily reflective of what a franchisee would pay. Franchisees will typically incur their own rental expenses for their individual locations, which can vary widely based on location, size, and lease terms.
It's important to note that these figures are based on the company's financial statements, which have been audited by an independent auditor. While this adds a level of credibility, prospective franchisees should still conduct their own due diligence and consult with financial advisors to fully understand the financial implications of investing in a Chesters franchise.