What was the total number of Cinch I.T. franchise outlet transfers in 2022?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
Table No. 2
TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) FOR YEARS 2021 to 2023
| State | Year | Number of Transfers |
|---|---|---|
| MA | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 1 | |
| Totals | 2021 | 0 |
| 2022 | 0 | |
| 2023 | 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, there were zero franchise outlet transfers in 2022. The provided table, titled "TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) FOR YEARS 2021 to 2023", indicates this.
This information is relevant for prospective franchisees as it provides insight into the stability and desirability of existing Cinch I.T. franchise locations. A low number of transfers could suggest that franchisees are generally satisfied with their businesses and are not looking to sell. Conversely, a high number of transfers might warrant further investigation into the reasons behind those sales.
It is important to note that this table only reflects transfers to new owners other than Cinch I.T. itself. The franchisor may have reacquired some outlets, which would be reflected in a different part of the FDD. Reviewing the complete Item 20 and speaking with current and former franchisees can provide a more comprehensive understanding of franchise transfers within the Cinch I.T. system.