Does this table provide a comparison of Cinch I.T.'s receipts to other similar franchises?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Please provide honest and complete responses to each of the following: |
|---|
| 1. Have you received and personally reviewed our Franchise Agreement and all its attachments? Yes |
| No |
| CONSIDER THE FOLLOWING QUESTIONS IN REGARD TO INFORMATION PROVIDED DIRECTLY |
| FROM FRANCHISOR OR ITS REPRESENTATIVES (NOT ITS FRANCHISEES): |
| 2. Has any employee, broker or other person representing Franchisor made any statements or promises concerning |
| the revenues, profits or operating costs of a CINCH I.T. franchise? |
| Yes No |
| 3. Has any employee, broker or other person representing Franchisor made any statements or promises, other than |
| those disclosed at Item 19 of the Disclosure Document, concerning the amount of money you may earn in the operating |
| of a CINCH I.T. franchise? |
| Yes No |
| 4. Has any employee, broker or other person representing Franchisor made any statements or promises concerning |
| the likelihood of success that you should or might expect to achieve from operating a CINCH I.T. franchise? |
| Yes No |
| 5. Has any employee, broker or other person representing Franchisor made any statements or promises concerning |
| the advertising, marketing, training or support service or assistance that we will furnish to you that contradicts any |
| information in the FDD? |
| Yes No |
| 6. Has any employee, broker or other person representing Franchisor made any statements or promises concerning |
| the costs you may incur in starting or operating a CINCH I.T. franchise that contradicts any information in the FDD? |
| Yes No |
| 7. Has any employee, broker or other person representing Franchisor made any statements or promises or agreements |
| relating to a CINCH I.T. franchise that contradicts any information in the FDD? |
| Yes No |
| If you have answered Yes to any of the questions numbered 2 through 7 above, please provide a full explanation for |
| each. Attach additional pages if necessary. |
| 8. I signed the Franchise Agreement and Addendum (if any) on,, and acknowledge that no |
| Agreement or Addendum is effective until signed and dated by Franchisor. |
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
The 2024 Cinch I.T. Franchise Disclosure Document includes a questionnaire in Item 23 that asks prospective franchisees about representations made by the franchisor regarding potential revenues, profits, and operating costs. Specifically, it asks if the franchisor has made any statements or promises about revenues, profits, or operating costs, other than those disclosed in Item 19 of the FDD. Item 19 of the FDD is where financial performance representations are made. The questionnaire also inquires whether the franchisor has made any statements about potential earnings that are not disclosed in Item 19.
This section of the FDD emphasizes the importance of relying solely on the information provided in the FDD, particularly Item 19, for any financial performance representations. It serves as a verification step to ensure that prospective franchisees have not received any contradictory or unsubstantiated financial claims from the franchisor's representatives.
For a prospective Cinch I.T. franchisee, this questionnaire highlights the need to carefully review Item 19 and compare it against any verbal or written promises made by the franchisor. If there are discrepancies, it is crucial to seek clarification and potentially legal counsel to fully understand the financial expectations of the franchise. Answering 'yes' to any of these questions warrants a detailed explanation to ensure transparency and alignment between the franchisor's representations and the franchisee's understanding.