How many Cinch I.T. outlets were operating in Kentucky at the end of 2022?
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 | |
| KY | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| MA | 2021 | 5 | 0 | 1 | 0 | 0 | 0 | 4 |
| 2022 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| 2023 | 4 | 0 | 0 | 0 | 0 | 0 | 4 | |
| MI | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| UT | 2021 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2021 | 5 | 4 | 1 | 0 | 0 | 0 | 8 |
| 2022 | 8 | 2 | 0 | 0 | 0 | 0 | 10 | |
| 2023 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | |
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 Kentucky at the end of 2022. The table provided in Item 20 of the FDD details the number of outlets by state for the years 2021, 2022, and 2023.
Specifically, for Kentucky in 2022, the table shows that there were zero outlets at the start of the year, one outlet opened during the year, and one outlet at the end of the year. This indicates that Cinch I.T. expanded its presence in Kentucky by opening one new location during that period. There were no terminations, non-renewals, re acquisitions by the franchisor or other reasons for ceased operations.
Prospective franchisees can use this information to understand the growth and presence of Cinch I.T. in specific states. It's important to note that past performance does not guarantee future results, but this data can provide insights into the brand's expansion strategy and market penetration.