This brand name is a nice blend of the words "cherry" and "territory".
The word "cherritory" contains 10 characters and four syllables. Established brands using four syllable names include Airbnb, Unilever and Coca-Cola.
This domain was first registered in April 2013. Older domains have an advantage when ranking in search engines.
Cherritory.com is a dot-com domain. Dot com domains are the most valuable top-level-domain in the world, famously used by websites like facebook.com. A dot-com is the first thing people think of when they think of a website.