How many Cinch I.T. outlets were operating in Massachusetts at the end of 2021?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Year | Number of Transfers | |---|---|---| | MA | 2021 | 0 | | | 2022 | 0 | | | 2023 | 1 | | | | | | Totals | 2021 | 0 | | | 2022 | 0 | | | 2023 | 1 | | | | | Table No. 3
STATUS OF FRANCHISE OUTLETS FOR YEARS 2021 TO 2023
| 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.
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 4 outlets operating in Massachusetts at the end of 2021. The table provided in Item 20 details the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year for various states.
Specifically for Massachusetts in 2021, there were 5 outlets at the start of the year, no outlets opened, 1 termination, and 4 outlets at the end of the year. This information is useful for prospective franchisees to understand the historical growth, stability, and turnover of Cinch I.T. franchises in specific geographic areas.
It is important to note that the table provides a snapshot of outlet activity during the specified years. Factors contributing to terminations or closures are not detailed within the table but could be explored by a potential franchisee during their due diligence. Understanding these factors can help a franchisee assess the risks and opportunities associated with investing in a Cinch I.T. franchise in a particular state.