What is the current reporting period for Gross Sales for an Itan franchise?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.2. Royalty Fee. On the day of each week we specify (the "royalty fee due date") you must pay us a royalty fee equal to 6.5% of Gross Sales generated during the immediately preceding reporting period. The current reporting period runs from the opening of business on Monday through the close of business on Sunday. The current royalty fee due date is the Wednesday immediately following the end of the prior reporting period. We may periodically change the reporting period and/or royalty fee due date through updates to the Manual.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the current reporting period for gross sales runs from the opening of business on Monday through the close of business on Sunday. Franchisees must pay a royalty fee equal to 6.5% of gross sales generated during this period.
The royalty fee is due on the Wednesday immediately following the end of the prior reporting period. Itan retains the right to periodically change the reporting period and/or royalty fee due date through updates to the Manual.
It is important for prospective Itan franchisees to understand these reporting requirements and payment schedules, as failure to comply could result in late fees or other penalties. Franchisees should also be aware that Itan may change these requirements in the future, so it is important to stay up-to-date on any changes to the Manual.