How many Cinch I.T. outlets were operating in Arizona at the start of 2022?
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 Cinch I.T. outlets operating in Arizona at the start of 2022. The provided table regarding outlet information by state indicates that at the start of 2021 there were zero outlets, and this remained the same at the start of 2022.
In 2022, one Cinch I.T. outlet opened in Arizona. This means that by the end of 2022, there was one operating outlet in the state. However, this outlet ceased operations, so by the start of 2023, there were again no operating Cinch I.T. locations in Arizona.
This information is valuable for potential franchisees as it provides insight into the brand's presence and growth (or lack thereof) in specific geographic areas. A prospective franchisee might want to further investigate why the single Arizona location closed, and what support Cinch I.T. offers to help franchisees succeed in different markets.