In 2022, how many Cinch I.T. outlets were opened in Arizona?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Terminations | Col. 6 Non- Renewals | Col. 7 Reacquired By Franchisor | Col. 8 Ceased Operations – Other Reasons | Col. 9 Outlets at the End of the Year |
|---|---|---|---|---|---|---|---|---|
| AZ | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 56–60)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, one outlet was opened in Arizona during 2022. At the start of 2022, there were no Cinch I.T. outlets in Arizona. After the opening of the one outlet, there was a single outlet at the end of the year.
This information is valuable for prospective franchisees as it provides insight into the brand's expansion and presence in specific geographic areas. Observing the growth pattern in states like Arizona can help potential franchisees gauge the brand's acceptance and market penetration.
It's important to note that past performance does not guarantee future results. However, analyzing the historical data on outlet openings, closures, and transfers offers a factual basis for assessing the opportunities and challenges associated with investing in a Cinch I.T. franchise.