How many Cinch I.T. outlets were operating in Massachusetts at the end of 2022?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| 8 | 2 | 0 | 0 | 0 | 0 | 10 | | | 2023 | 10 | 0 | 0 | 0 | 0 | 0 | 10 | | | | | | | | | | | Table No. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2021 TO 2023
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of the Year | Col. 4 Outlets Opened | Col. 5 Outlets Reacquired From Franchisees | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchisees | Col. 8 Outlets at End of the Year | |---|---|---|---|---|---|---|---| | MA | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | | | | | | | | | |
| Totals | 2021 | 1 | 0 | 0 | 0 | 0 | 1 | |---|---|---|---|---|---|---|---| | | 2022 | 1 | 0 | 0 | 0 | 0 | 1 | | | 2023 | 1 | 0 | 0 | 0 | 0 | 1 | | | | | | | | | | * We do not operate any Company-Owned outlets. The Company-Owned Outlet reflected in the above table is owned and operated in Worcester, Massachusetts by our affiliate, as described in Item 1.
Table No. 5
PROJECTED OPENINGS AS OF DECEMBER 31, 2023
| Col. 1 STATE | Col. 2 FRANCHISE AGREEMENTS SIGNED BUT OUTLET NOT OPEN | Col. 3 PROJECTED NEW FRANCHISED OUTLETS IN THE NEXT FISCAL YEAR | 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 was 1 company-owned outlet and 4 franchised outlets operating in Massachusetts at the end of 2022.
The table provided in Item 20 of the FDD details the number of outlets at the start and end of each year, as well as any changes that occurred during the year, such as openings, closures, or re acquisitions. For Massachusetts in 2022, the table shows 1 company-owned outlet at the start of the year, with no changes, resulting in 1 outlet at the end of the year. The table also shows 4 franchised outlets at the start of 2022, with no changes, resulting in 4 franchised outlets at the end of the year.
This information is useful for prospective franchisees as it provides a historical overview of Cinch I.T.'s presence and stability in Massachusetts. The fact that the number of outlets remained constant in 2022 might suggest a stable market, but further investigation into the performance of these outlets would be beneficial. A prospective franchisee may want to inquire about the reasons for no new outlet openings in Massachusetts during that year and the overall performance of the existing outlets.