How many Cinch I.T. outlets were operating in Utah at the end of 2022?
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 1 outlet operating in Utah at the end of 2022. The table provided in Item 20 outlines the number of outlets per state for the years 2021, 2022, and 2023. In 2021, Cinch I.T. opened 1 outlet in Utah.
For a prospective franchisee, this indicates the existing footprint of Cinch I.T. in Utah. It shows that while there was one outlet in operation at the end of 2022, no additional outlets opened in 2023. This information can be useful in assessing the market potential and brand presence in the state.
It is important to note that the table also provides data on outlet openings, terminations, and other changes, which can give a more comprehensive understanding of the dynamics of Cinch I.T.'s franchise network in specific states. Reviewing these trends can help a potential franchisee evaluate the stability and growth potential of the franchise in a particular area.