What was the total number of Cinch I.T. outlets at the start 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 start of 2022, there were a total of 9 Cinch I.T. outlets. This number includes both franchised and company-owned locations.
Specifically, the FDD indicates that of these 9 locations, 8 were franchised and 1 was company-owned. This information is crucial for potential franchisees as it provides a snapshot of the franchise system's size and composition during that period.
Understanding the distribution between franchised and company-owned outlets can give prospective franchisees insight into Cinch I.T.'s business model and growth strategy. A higher number of franchised locations might suggest a greater emphasis on franchisee-led expansion, while a significant number of company-owned stores could indicate a more corporate-driven approach.