How many Cinch I.T. outlets were sold to franchisees in Massachusetts during 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.
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 no Cinch I.T. outlets sold to franchisees in Massachusetts during 2021. The provided table regarding outlet information by state indicates that in Massachusetts during 2021, there were 5 outlets at the start of the year, 0 outlets opened, 1 termination, 0 reacquired by the franchisor, 0 ceased operations for other reasons, and 4 outlets at the end of the year. The column for outlets sold to franchisees shows a '0' for Massachusetts in 2021, confirming that no such transactions occurred.
This data point is important for prospective franchisees as it provides insight into the stability and transfer activity of Cinch I.T. franchises within Massachusetts. A lack of sales to franchisees could suggest various factors, such as franchisee satisfaction, profitability, or market conditions specific to that region.
It is worth noting that while no outlets were sold to franchisees in Massachusetts during 2021, this does not necessarily indicate a negative trend. Further investigation into the reasons behind this lack of sales, as well as the overall performance and satisfaction of existing franchisees in the area, would be beneficial for potential investors. This information can be gathered by speaking with current and former franchisees, as well as directly with the franchisor.