How many Cinch I.T. outlets were operating in Georgia at the end of 2023?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| GA | 2021 | 0 | 2 | 0 | 0 | 0 | 0 | 2 |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
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 2 Cinch I.T. outlets operating in Georgia at the end of 2023. The table provided in Item 20 of the FDD details the status of franchise outlets from 2021 to 2023, broken down by state.
Specifically for Georgia, the table shows that in 2021, there were 0 outlets at the start of the year, 2 outlets opened, and 2 outlets at the end of the year. In both 2022 and 2023, there were 2 outlets at the start of the year, 0 outlets opened, and 2 outlets at the end of the year. This indicates that no new Cinch I.T. franchises opened or closed in Georgia during 2022 and 2023, with the number of operating franchises remaining constant at 2.
For a prospective franchisee, this data offers insights into the growth and stability of Cinch I.T. franchises in Georgia. The fact that the number of outlets remained constant in 2022 and 2023 could suggest a stable market presence, but further investigation would be needed to understand the performance and potential for growth in this state. It would be prudent to speak with the existing franchisees in Georgia to understand their experiences and the market dynamics in the region.