factual

What is the name of the company that Richard Porter is the Managing Member of for Cinch I.T.?

Cinch_I_T Franchise · 2024 FDD

Answer from 2024 FDD Document

Mr. Porter has been our Managing Member since our formation on January 2, 2019. Since January 2019, Mr. Porter has been Managing Member of Cinch HD in Worcester, Massachusetts. Since 2011, Mr. Porter has been CEO/President of Cinch I.T. MA and owner of its predecessor Simply IT located in Worcester, Massachusetts.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 56)

What This Means (2024 FDD)

According to the 2024 Cinch I.T. Franchise Disclosure Document, Richard E. Porter has been the Managing Member of Cinch Franchise, LLC since January 2, 2019. Additionally, since January 2019, Mr. Porter has been Managing Member of Cinch HD in Worcester, Massachusetts. He has also been the CEO/President of Cinch I.T. MA since 2011, and owner of its predecessor Simply IT, located in Worcester, Massachusetts.

This indicates that Richard Porter holds multiple leadership positions within the Cinch I.T. family of companies. As Managing Member, Porter is responsible for overseeing the operations and strategic direction of Cinch Franchise, LLC, the franchisor entity. His role as CEO/President of Cinch I.T. MA suggests he is also deeply involved in the operations of an affiliated business that is similar to the franchised businesses offered.

Prospective franchisees should note that the franchisor's leadership team has experience in both franchising and operating similar businesses. This could be beneficial in terms of the support and guidance provided to franchisees. However, it is important to understand the specific roles and responsibilities of each entity and how they interact with the franchise system. A potential franchisee might want to inquire about how Porter balances his responsibilities across these different roles and how that might impact the support and attention franchisees receive.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.