For Itan, what is the development period ending date for opening the first salon?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
and spouse of each such Person who is a natural Person, must sign a Franchise Owner Agreement concurrently with the execution of this Agreement. The following table includes the full name of each Person holding a direct or indirect Equity Interest in the Development Business or Developer Entity, as applicable, along with a description of their Equity Interest. Owner's Name % Equity Interest Direct or Indirect (if indirect, describe nature of interest) Notice Address: Attention: Email: B. Development Fee The Development Fee is $ C. Development Schedule. You must comply with the following minimum development obligations as specified in §4 of the Agreement:
| DEVELOPMENT PERIOD ENDING* | NUMBER OF SALONS OPENED DURING DEVELOPMENT PERIOD | CUMULATIVE NUMBER OF SALONS OPENED AND IN OPERATION | |||
|---|---|---|---|---|---|
| 1 year after Effective Date | |||||
| 2 years after Effective Date | |||||
| 3 years after Effective Date |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the development period ending date for opening a salon is tied to the effective date of the agreement. The table provided outlines the development period ending, measured in years after the effective date.
Specifically, the table shows development periods of one, two, three, four, and five years after the effective date. The exact ending date will depend on the specifics outlined in the Development Schedule, which is part of the franchise agreement. The FDD states that the salon's required opening date is the last day of the development period in which the salon must open.
Prospective Itan franchisees should carefully review the Development Schedule within their Franchise Agreement to understand the specific deadlines for opening their required salons. Paying close attention to the 'Effective Date' of the agreement is crucial, as this date serves as the starting point for calculating the development period. Missing these deadlines could result in a breach of the agreement.