How many Cinch I.T. franchises in Arizona were terminated in 2023?
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 terminations of Cinch I.T. franchises in Arizona during the year 2023. The table provided in Item 20 outlines the franchise activity in Arizona over the past three years.
Specifically, for Arizona in 2023, the table shows 1 outlet at the start of the year, no outlets opened, and no terminations. This means that all Cinch I.T. franchises that were operating in Arizona at the beginning of 2023 remained in operation throughout the year. The number of outlets at the end of 2023 remained at 1.
This information is valuable for potential franchisees as it provides insight into the stability and performance of Cinch I.T. franchises in Arizona. A lack of terminations could indicate a healthy franchise environment within the state. However, it is important to consider this information in conjunction with other factors, such as the number of new franchises opened and the overall financial performance of Cinch I.T. franchises in Arizona, to gain a comprehensive understanding of the franchise opportunity.