How many Cinch I.T. outlets were operating in Michigan at the end of 2021?
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 Michigan at the end of 2021. The table provided in Item 20 of the FDD includes a breakdown of outlets by state and year, showing that Michigan had one outlet open during that time.
Specifically, the table indicates that at the start of 2021, there were no Cinch I.T. outlets in Michigan. During 2021, one new outlet was opened. There were no terminations, non-renewals, re acquisitions by the franchisor, or other reasons for ceased operations. Therefore, the total number of Cinch I.T. outlets in Michigan at the end of 2021 was one.
This level of detail in the FDD can be helpful for prospective franchisees as it provides a clear picture of the brand's growth and presence in specific geographic areas. Reviewing this data over several years can reveal trends and potential market opportunities or challenges.