What was the total number of Cinch I.T. outlets operating at the end of 2022?
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 2022, there were a total of 11 Cinch I.T. outlets. This total is comprised of 10 franchised outlets and 1 company-owned outlet.
For a prospective franchisee, this indicates the overall size and scale of the Cinch I.T. franchise system. It provides a snapshot of the brand's reach and market penetration as of that year. The growth from 9 total outlets in 2021 to 11 in 2022 shows a modest expansion of the Cinch I.T. network.
It's important to note that while the total number of outlets provides a general overview, further investigation into the performance, location, and specific characteristics of these outlets would be beneficial for any potential franchisee. Understanding the distribution between franchised and company-owned locations can also offer insights into Cinch I.T.'s business model and strategic approach to market development.