Does Cinch I.T. make any financial performance representations?

According to Cinch I.T.'s 2024 Franchise Disclosure Document, Cinch I.T. does not make any financial performance representations about potential or actual financial outcomes for franchisees. This means that Cinch I.T. does not provide any specific data, projections, or estimates regarding revenues, expenses, or profits that a new franchisee might expect to achieve.

This lack of financial performance representations is a common practice among franchisors. Without a financial performance representation, prospective franchisees are responsible for conducting their own independent financial due diligence. This includes researching the market, assessing local competition, and developing their own financial projections based on their individual circumstances and capabilities.

The FDD does state that if you are purchasing an existing franchise, Cinch I.T. may provide you with the actual records of that business. The document also cautions potential franchisees that if they receive any financial performance information or projections from other sources, such as employees or representatives of Cinch I.T., they should report it to Cinch I.T.'s management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is because Cinch I.T. does not authorize its employees or representatives to make any financial representations, either orally or in writing.