table_specific

How many Cinch I.T. franchise outlet transfers occurred in Massachusetts during 2023?

Cinch_I_T Franchise · 2024 FDD

Answer from 2024 FDD Document

ets. The Company-Owned Outlet reflected in the above table is owned and operated in Worcester, Massachusetts by our affiliate, as described in Item 1.

Table No. 2

TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) FOR YEARS 2021 to 2023

State Year Number of Transfers
MA 20

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 was one franchise outlet transfer in Massachusetts during 2023. This information is detailed in Table No. 2, which specifically tracks transfers of outlets from franchisees to new owners, excluding transfers to the franchisor. The table provides a state-by-state breakdown of these transfers for the years 2021 to 2023.

For a prospective franchisee, this data point offers insight into the stability and desirability of existing Cinch I.T. franchises. A low number of transfers could indicate franchisee satisfaction and success, while a high number might suggest underlying issues within the franchise system. It is important to note that a transfer does not necessarily indicate a negative outcome; it could simply reflect a franchisee's decision to retire or pursue other opportunities.

It is also worth noting that Cinch I.T. does not operate any company-owned outlets, with the exception of one affiliate-owned location in Worcester, Massachusetts. This means that all transfers listed in the table represent existing franchised locations being sold to new franchisees, rather than transfers involving the franchisor directly. This is a common practice in franchising, as it allows existing franchisees to exit the system while providing opportunities for new entrepreneurs to join the brand.

Prospective franchisees should further investigate the reasons behind any franchise transfers in their target market. Speaking with current and former franchisees, as mentioned in the FDD, can provide valuable context and help assess the overall health and attractiveness of a Cinch I.T. franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.