Did Cinch I.T. reacquire any franchise locations in Arizona during 2022?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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. 9 Outlets at the End of the Year |
|---|---|---|---|---|---|---|---|---|
| AZ | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
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 company did not reacquire any franchise locations in Arizona during 2022. The table provided in Item 20 of the FDD details the status of franchise outlets for the years 2021 to 2023.
Specifically, for Arizona in 2022, the table indicates that there were zero outlets reacquired by Cinch I.T. This means that no existing Cinch I.T. franchise in Arizona was taken back by the company during that year. However, one new Cinch I.T. franchise opened in Arizona during 2022.
Prospective franchisees can use this information to understand the stability and changes within the Cinch I.T. franchise system in specific states. Reacquisitions can sometimes indicate issues with franchise performance or franchisor strategy, so the absence of reacquisitions in Arizona during 2022 could be seen as a positive sign.