How many Cinch I.T. outlets were operating in Kentucky 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 | |
| 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 2023. The table provided in Item 20 of the FDD details the number of outlets in various states over the past three years. This information is useful for potential franchisees to understand the brand's presence and growth in specific geographic areas.
The table shows that in 2021 and 2022, there were no Cinch I.T. locations in Kentucky. However, in 2022, one outlet opened. There were no additional outlets opened or closed in 2023, so the year ended with one outlet.
Analyzing the number of outlets opened, closed, and operating in specific states can help prospective franchisees assess market saturation and growth potential. It also provides insight into the stability and performance of existing franchises in those regions. Reviewing this data in conjunction with other factors, such as local market demographics and competition, is crucial for making an informed investment decision.