What was the amount of receipts for Cinch I.T. for the year ending December 31, 2022?

According to Cinch I.T.'s 2024 Franchise Disclosure Document, receipts for the year ending December 31, 2022, totaled $102,200. This figure represents one of the data points in a table showing receipts over several years. The table also includes receipts for 2023 ($20,250), 2024 ($16,875), 2025 ($10,250), and 2026 ($3,125), with a total of $152,700.

It's important to note that this table appears to present a specific subset of receipts, as another section of the FDD provides a balance sheet for Cinch Franchise, LLC, which shows different figures for total revenues. For example, the balance sheet lists total current assets as $258,252 for 2022. This discrepancy suggests that the $102,200 figure may represent a particular category of receipts rather than the company's overall revenue.

A prospective franchisee should carefully review the entire Item 23 in the FDD and seek clarification from Cinch I.T. regarding the specific types of receipts included in this table. Understanding the composition of these receipts and how they relate to the overall financial performance of the franchisor is crucial for making an informed investment decision. It would be prudent to compare these figures with other financial statements and revenue disclosures within the FDD to gain a comprehensive understanding of Cinch I.T.'s financial health.