Is the veteran discount applicable to the then-current franchise fee for each Cinch I.T. franchise?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
We offer a veteran initiative program. Under this program, honorably discharged veterans of the United States armed forces and their spouses receive a 50% discount on our then-current franchise fee for each CINCH I.T. franchise.
Source: Item 5 — INITIAL FEES (FDD pages 13–14)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the company offers a veteran initiative program. Honorably discharged veterans of the United States armed forces and their spouses are eligible for this program. The benefit is a 50% discount on the then-current franchise fee for each Cinch I.T. franchise.
For a prospective franchisee who qualifies for the veteran initiative, this represents a significant reduction in the initial investment. The standard franchise fee is $15,000, so the veteran discount would reduce this fee by $7,500. This discount applies to each Cinch I.T. franchise the veteran or their spouse opens.
This discount is specifically applied to the franchise fee and not to other fees such as the Initial Training Fee or the Marketing Starter Package. Veterans should confirm their eligibility and understand the documentation required to prove their veteran status to take advantage of this discount.