Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$100K - $125K
- Units as of 2021
10 900.0% over 3 years
Here’s what you need to know if you’re interested in opening a Cinch I.T. franchise.
Clinch I.T. is an I.T. service provider headquartered in Worcester, Massachusetts. Founded in 2004, Cinch I.T.'s primary focus has been to deliver quality I.T. services to all businesses, regardless of their size. Each franchise's elements are expected to provide the fastest and friendliest I.T. services while paying keen attention to network security.
Customers who use Clinch I.T. services may benefit from flexible I.T. support plans, advanced network security, consultation services, cloud computing, and continued backup plans. Since its inception, Clinch I.T. has taken pride in creating long-lasting customer relationships with its clients, which it believes is crucial to future success.
Since beginning to franchise in 2019, Cinch I.T. has opened several franchises across the United States.
Why You May Want to Start a Cinch I.T. Franchise
You do not necessarily need to have an I.T. background to become a Cinch I.T. franchisee. Instead, the company is looking for people who have excellent management and digital skills. The platform is suitable for anyone who wishes to venture into technological investment, but does not know where to start.
Cinch I.T. emphasizes growing healthy customer/clients relationships. Potential franchisees are expected to do the same.
Opening a Cinch I.T. franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
As a franchisee, you will be responsible for hiring and training staff and coordinating all the operations of your new business.
What Might Make a Cinch I.T. Franchise a Good Choice?
Given that Cinch I.T. focuses on cultivating healthy relationships, so you may benefit from remote and on-site support by becoming one of its franchisees. The company works to educate people on the importance of embracing safe I.T. practices by giving advice and following up with their clients to ensure that they are benefiting from the services provided by Cinch I.T.
To be part of the Cinch I.T. team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth requirements.
How to Open a Cinch I.T. Franchise
Before opting to become a Cinch I.T. franchisee, you must conduct your due diligence and research to decide if a Cinch I.T. franchise can thrive in your region. The process includes coming up with questions for the company and seeking reviews from its more experienced franchisees.
If awarded a franchise, franchisees may receive a great deal of support from the Cinch I.T brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Cinch I.T. franchisees also receive hands-on training and continued support after their franchise location has opened.
About Cinch I.T.
- Franchising Since
- 2019 (3 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 10 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Cinch I.T. franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $100,025 - $124,850
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Veteran Incentives
- 50% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Cinch I.T. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 26 hours
- Classroom Training
- 100 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Are you eager to see what else is out there? Browse more franchises that are similar to Cinch I.T..
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
'Entrepreneur' editor-in-chief Jason Feifer sat down with 'Bar Rescue' host Jon Taffer to discuss his new book, 'The Power of Conflict,' in which he shares illuminating insights on running a business, maintaining consistency in franchising and where to put your money when it comes to marketing.
Back in 2018, Eric Mason made headlines when he began paying his employees a "living wage." On this side of the great recession, his experience could be a roadmap for other fast food franchises.
No commute? No problem. Home-based and mobile franchises are an attractive option for entrepreneurs looking to franchise, but stay close to home.
Don't forget to support your local franchisees during National Small Business Week. Here's how these five franchisees thrive as small business owners and inspire their communities.