What was the total number of Chesters franchise transfers in 2023?

According to Chesters' 2025 Franchise Disclosure Document, there were a total of 19 franchise transfers in 2023. This number reflects the total number of existing Chesters franchises that were sold to new owners during that year, not counting transfers back to the franchisor.

To arrive at this total, the FDD provides a table that lists the number of transfers per state. For 2023, the number of transfers are listed for each state where a transfer occurred. These numbers are then summed to arrive at the total of 19 transfers system-wide.

Prospective franchisees should consider the transfer rate as an indicator of franchise health and franchisee satisfaction. A high transfer rate could indicate financial distress or dissatisfaction among franchisees, while a low rate could suggest stability within the Chesters system. It is important to note that this number does not include terminations, non-renewals, or re acquisitions by Chesters, which are separate categories.

Reviewing transfer rates over multiple years, as provided in the FDD, can provide a more comprehensive understanding of the stability and desirability of a Chesters franchise. Additionally, speaking with current and former franchisees can offer valuable insights into the reasons behind franchise transfers and the overall experience of operating a Chesters restaurant.