How many Cinch I.T. outlets were operating at the start of 2022?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 5 | 8 | +3 |
| 2022 | 8 | 10 | +2 | |
| 2023 | 10 | 10 | 0 | |
| Company-Owned | 2021 | 1 | 1 | 0 |
| 2022 | 1 | 1 | 0 | |
| 2023 | 1 | 1 | 0 | |
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 a total of 9 Cinch I.T. outlets operating at the start of 2022. This number includes both franchised and company-owned outlets.
Specifically, the FDD indicates that 8 of these outlets were franchised, while 1 was company-owned. This information is crucial for potential franchisees as it provides a snapshot of the brand's footprint and growth trajectory during that period.
Understanding the distribution between franchised and company-owned outlets can also offer insights into Cinch I.T.'s business model and strategic priorities. For instance, a higher number of franchised outlets might suggest a greater emphasis on expansion through franchising, while a significant presence of company-owned outlets could indicate a focus on direct operational control and profitability.