In 2022, how many Cinch I.T. outlets were reacquired from franchisees?
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, there were no re acquisitions of franchise outlets in 2022. The provided tables in Item 20 detail the status of franchise outlets from 2021 to 2023, showing no instances of Cinch I.T. reacquiring any franchises during 2022.
Specifically, the tables track terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceased operations. The 'Reacquired By Franchisor' column consistently shows '0' for the year 2022 across all states and in the totals, indicating that Cinch I.T. did not buy back any of its franchised locations during that year.
This information is crucial for potential franchisees as it provides insight into the stability and relationship between Cinch I.T. and its franchisees. A high number of re acquisitions could signal potential issues with the franchise model or franchisee profitability, while a consistent '0' suggests a stable network.