Which exhibit in the Itan Franchise Disclosure Document contains the financial statements of Itan Franchising, Inc.?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
his franchisee remains in the system.
If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
EXHIBIT "G"
TO DISCLOSURE DOCUMENT
FINANCIAL STATEMENTS
[See Attached]
| I | Index | 1 |
|---|---|---|
| 11 | Independent auditor's report | 2 - 3 |
| m | Balance sheets | 4 |
| IV | Statements of earnings | 5 |
| V | Statements of stockholder's equity | 6 |
| VI | Statements of cash flows | 7 |
| VII | Notes to the financial statements | 8 - 14 |
INDEPENDENT AUDITOR'S REPORT
To the Stockholder iTan Franchising, Inc.
Opinion
We have audited the accompanying financial statements of iTan Franchising, Inc., which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of earnings, stockholder's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of iTan Franchising, Inc.
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the financial statements of Itan Franchising, Inc. are included as part of the document. While the excerpts provided discuss the financial statements and audit reports, they do not explicitly state which exhibit contains these statements. The excerpts include independent auditor's reports on Itan Franchising, Inc.'s financial statements for the years ending December 31, 2024 and 2023, and December 31, 2023 and 2022. These reports indicate that the financial statements comprise the balance sheets, statements of earnings, stockholder's equity, and cash flows, along with related notes.
Although the specific exhibit containing the financial statements is not identified, the presence of the auditor's reports suggests that these statements are included within the FDD. These statements are crucial for prospective franchisees as they provide an overview of Itan's financial health and performance. The auditor's opinion confirms that the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.
Given that the exact exhibit is not specified in the provided excerpts, it is advisable for potential Itan franchisees to carefully review the table of contents and exhibits within the FDD to locate the financial statements. If the exhibit is still unclear, they should directly ask Itan for clarification on where to find the financial statements within the Franchise Disclosure Document. Understanding Itan's financial performance is a critical part of the due diligence process before investing in a franchise.