How many Cinch I.T. outlets were closed in Massachusetts during 2023?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of the Year | Col. 4 Outlets Opened | Col. 5 Outlets Reacquired From Franchisees | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchisees | Col. 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| MA | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 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 Cinch I.T. outlets closed in Massachusetts during 2023. The provided table shows that the number of outlets at the start of the year was 1, no outlets were opened, and the number of outlets at the end of the year remained at 1. Therefore, the number of outlets closed was 0.
This information is crucial for potential franchisees as it provides insight into the stability and performance of Cinch I.T. franchises in Massachusetts. A history of closures could indicate potential challenges or risks associated with operating a franchise in that area. The absence of closures in 2023 suggests a stable market presence, at least for that specific year.
It is important to note that this data only reflects the number of closures for a single year. A comprehensive evaluation of franchise performance would require analyzing closure rates over a longer period, as well as considering other factors such as revenue, profitability, and market conditions. Prospective franchisees should also investigate the reasons behind any closures in previous years to gain a deeper understanding of the potential risks and opportunities associated with investing in a Cinch I.T. franchise.