How many Cinch I.T. outlets were transferred in Michigan during 2021?
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 | | | | | | | | | | | Table No. 4 STATUS OF COMPANY-OWNED OUTLETS FOR YEARS 2021 TO 2023
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of the Year | Col. 4 Outlets Opened | Col. 5 Outlets Reacquired From Franchisees | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchisees | 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 transfers of Cinch I.T. outlets in Michigan during 2021. This information is based on data reported by the franchisor.
This data point is relevant for prospective franchisees as it provides insight into the stability and transfer activity within the Cinch I.T. franchise system. A high number of transfers could indicate issues with franchisee profitability or satisfaction, while a low number, as is the case here, might suggest a more stable franchise network.
It is important to note that this information only reflects transfers that were officially recorded by Cinch I.T. Prospective franchisees may want to inquire further about the reasons for any transfers that did occur and the overall health of existing Cinch I.T. franchise locations.