What was the total number of Cinch I.T. outlets in Massachusetts at the end of 2023?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of the Year | Col. 4 Outlets Opened | Col. 5 Outlets Reacquired From Franchisees | Col. 6 Outlets Closed | Col. 7 Outlets Sold to Franchisees | Col. 8 Outlets at End of the Year |
|---|---|---|---|---|---|---|---|
| MA | 2021 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 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, there was a total of 1 Cinch I.T. outlet in Massachusetts at the end of 2023. The table provided in Item 20 outlines the status of franchise outlets from 2021 to 2023.
Specifically, the data shows that in Massachusetts, there was 1 outlet at the start of 2023. Throughout the year, there were no additional outlets opened, reacquired from franchisees, closed, or sold to franchisees. This resulted in a consistent number of 1 outlet at the end of 2023.
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.