What was the revenue from the annual conference for Cinch I.T. in 2020?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | Restated 2020 | ||||
|---|---|---|---|---|---|
| REVENUE | |||||
| Franchise sales | 5 | 39,625 | S | 16,000 | |
| Advertising | 83,241 | 65,298 | |||
| Annual conference | 26,600 | ||||
| Royalties | 257,946 | 207.393 | |||
| Training | 142,500 | 45,000 | |||
| TOTAL REVENUE | - | 523,312 | 1 | 360,291 |
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the revenue from the annual conference in 2020 was $26,600. This figure represents the total income Cinch I.T. received from its annual conference during that year.
For a prospective franchisee, this indicates the potential revenue stream Cinch I.T. generates from its annual conference. It's important to note that this revenue may fluctuate from year to year based on factors such as attendance, sponsorship, and the overall economic climate.
Understanding the revenue generated from events like the annual conference can help a franchisee assess the financial stability and diverse income streams of Cinch I.T. It also provides insight into the importance Cinch I.T. places on such events for networking, training, and overall brand development.