What was the total number of Cinch I.T. outlets operating at the end of 2021?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
appropriate state regulatory agencies.
Item 20 OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 SYSTEMWIDE OUTLET SUMMARY FOR YEARS 2021 TO 2023
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |---|---|---|---|---| | Franchised | 2021 | 5 | 8 | +3 | | | 2022 | 8 | 10 | +2 | | | 2023 | 10 | 10 | 0 | | | | | | | | Company-Owned | 2021 | 1 | 1 | 0 | | | 2022 | 1 | 1 | 0 | | | 2023 | 1 | 1 | 0 | | | | | | |
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|
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, at the end of 2021, there were a total of 9 Cinch I.T. outlets. This number includes both franchised and company-owned outlets. At the start of 2021, there were 6 total outlets, and throughout the year, the company experienced a net increase of 3 outlets.
Of the 9 total outlets at the end of 2021, 8 were franchised and 1 was company-owned. The number of franchised outlets increased from 5 at the beginning of the year to 8 by year's end, representing a net change of +3. The single company-owned outlet remained constant throughout the year.
It's important to note that the company-owned outlet is actually owned and operated by an affiliate in Worcester, Massachusetts, as detailed in Item 1 of the FDD. This distinction clarifies the operational structure and relationship between Cinch I.T. and its affiliate regarding the company-owned location. This information is valuable for prospective franchisees to understand the growth and composition of the Cinch I.T. system.