What was the total number of Cinch I.T. outlets operating at the end of 2023?
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 2023, there were a total of 11 Cinch I.T. outlets operating. This total comprises 10 franchised outlets and 1 company-owned outlet.
It's important to note that while Cinch I.T. does not operate any company-owned outlets directly, the one listed is owned and operated by an affiliate in Worcester, Massachusetts. This distinction could be relevant for prospective franchisees to understand the relationship between the franchisor and its affiliate-owned location.
The number of total outlets remained constant throughout 2023, with no net change in the number of franchised or company-owned locations. This could indicate a period of stability for the franchise system, but prospective franchisees should investigate further to understand the reasons behind the lack of growth during that year.