What is the deadline for Itan franchisees to submit monthly reports detailing expenditures on local advertising?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
No later than the 15th day of each month, you must prepare and send us a monthly report detailing your expenditures incurred during the prior month on local advertising required by §10.3(b).
All advertising expenditure reports must include copies of receipts for the reported expenditures.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, franchisees must submit monthly reports detailing local advertising expenditures by the 15th day of each month. These reports should cover expenditures incurred during the previous month, as required by Section 10.3(b) of the franchise agreement.
It is important to note that these advertising expenditure reports must include copies of receipts for all reported expenditures. This requirement ensures that Itan franchisees maintain proper documentation of their local advertising efforts and can verify their compliance with the Local Marketing Commitment, which requires spending at least 2% of monthly Gross Sales on local advertising.
Submitting these reports on time and with the necessary documentation is crucial for Itan franchisees. Failure to do so could potentially lead to issues with compliance and may impact the franchisee's relationship with Itan. Therefore, franchisees should establish a system for tracking and reporting their local advertising expenditures to meet the monthly deadline.