What was the net change in the number of company-owned Cinch I.T. outlets during 2021?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
appropriate state regulatory agencies.
Item 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 2021 TO 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year |
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, the net change in the number of company-owned outlets during 2021 was 0. The number of company-owned Cinch I.T. outlets remained constant throughout 2021, starting with 1 outlet at the beginning of the year and ending with 1 outlet at the end of the year.
It is important to note that Cinch I.T. does not operate any company-owned outlets. The company-owned outlet reflected in the table is owned and operated in Worcester, Massachusetts by their affiliate, as described in Item 1 of the FDD.
For a prospective franchisee, this indicates that Cinch I.T. is primarily focused on franchising as its growth strategy, rather than operating company-owned locations. This may mean that the franchisor has less direct operational experience but is more focused on supporting franchisees. It is typical for many franchise systems to focus on either company-owned or franchised locations, but not both.
Prospective franchisees may want to inquire about the support and training provided, given the company's focus on franchising. Understanding the relationship between Cinch I.T. and its affiliate operating the company-owned location in Worcester, Massachusetts, could also provide valuable insights into the operational aspects of the business.