How many Cinch I.T. outlets were operating in Michigan at the end of 2022?
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 2022. The table provided in Item 20 of the FDD details the number of outlets per state for the years 2021, 2022 and 2023.
Specifically, for Michigan in 2021, there was one outlet opened, resulting in one outlet at the end of the year. In 2022, there were no outlets opened, closed, or sold, so the number of outlets remained at one. The same was true for 2023, with one outlet operating in Michigan at the end of the year.
Prospective franchisees can use this information to understand Cinch I.T.'s existing market presence in Michigan and assess the potential for growth and competition in the state. It's important to note that past performance is not indicative of future results, and further research into the local market conditions is advisable.