How many Cinch I.T. outlets were operating in Utah at the end 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 was one Cinch I.T. outlet operating in Utah at the end of 2021. The provided table in Item 20 outlines the number of outlets per state, year, and changes to outlet counts. Specifically for Utah in 2021, the table shows the state started the year with zero outlets, opened one outlet, and ended the year with one outlet.
This information is valuable for prospective franchisees as it provides a historical view of Cinch I.T.'s expansion and presence in specific states. Understanding the growth trajectory in a particular region can help franchisees assess the market potential and competition. It's important to note that past performance doesn't guarantee future success, but it offers insights into the brand's development.
For a potential Cinch I.T. franchisee, this data highlights the brand's relatively recent entry into the Utah market as of 2021. The single outlet could indicate an early stage of market penetration, potentially offering both opportunities and challenges. Further research into the performance of that initial outlet and the overall market conditions in Utah would be advisable to make an informed investment decision.