What was the credit card payable liability for Itan?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
ended December 31, 2023 and 2022 the marketing fund contribution rate was 4% of sales. A vacation rate of 3.5% was effective from January 1, 2022 to June 30, 2022.
Page 13
The following is a
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the credit card payable liability for 2023 was $42,852 and for 2022 was $25,551. This figure represents the amount Itan owed to credit card companies at the end of each respective year.
For a prospective franchisee, understanding Itan's credit card payable liability can offer insights into the company's financial management and payment practices. A significant increase in this liability from one year to the next could indicate a greater reliance on credit to finance operations or potentially signal cash flow challenges.
It is important to note that this liability is just one aspect of Itan's overall financial health. A franchisee should consider this figure in conjunction with other financial metrics, such as revenue, expenses, and overall debt, to gain a comprehensive understanding of Itan's financial stability and performance.