How many Cinch I.T. outlets were operating in Massachusetts at the start 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 5 Cinch I.T. outlets operating in Massachusetts at the start of 2021. By the end of 2021, the number of outlets in Massachusetts decreased by 1, resulting in 4 outlets. This decrease is due to 1 termination during the year.
In 2022, the number of Cinch I.T. outlets in Massachusetts remained constant at 4, with no new outlets opened, terminations, or other changes reported. Similarly, in 2023, the number of outlets remained at 4, indicating a period of stability in the Massachusetts market for Cinch I.T. franchises.
It is important to note that these figures reflect the total number of franchise outlets within the state and do not include any company-owned outlets. The FDD specifies that the company-owned outlet is operated in Worcester, Massachusetts, by an affiliate.