How many Cinch I.T. outlets in Arizona were operating at the end of 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 was one outlet operating in Arizona at the end of 2023. The table provided in Item 20 outlines the status of franchise outlets from 2021 to 2023, showing the changes in outlet numbers each year.
Specifically for Arizona, the table shows that there were no outlets at the start of 2021, one outlet opened in 2022, and no further outlets opened in 2023. There were no terminations, non-renewals, re acquisitions by the franchisor, or other reasons for ceased operations during this period.
This means that a prospective franchisee can see the growth and stability of Cinch I.T. in Arizona over these three years. It is important to note that while one outlet was operating at the end of 2023, potential franchisees should investigate the performance and support provided to that existing location to better understand the market dynamics in Arizona.