How many company-owned Cinch I.T. outlets were operating at the end of 2023?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
appropriate state regulatory agencies.
Item 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 2021 TO 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | N
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, at the end of 2023, there was one company-owned outlet. The table provided in Item 20 of the FDD details the status of company-owned outlets from 2021 to 2023.
The data shows that from 2021 to 2023, the number of company-owned Cinch I.T. outlets remained constant. At the start of 2023, there was one company-owned outlet, and there was no net change during the year, so the year ended with one outlet.
However, the FDD also states that Cinch I.T. does not operate any company-owned outlets, and the single outlet listed is owned and operated by an affiliate in Worcester, Massachusetts. This distinction is important for prospective franchisees to understand the relationship between Cinch I.T. and its affiliate, as it may impact the support and resources available to franchisees.