As of this Itan FDD, are financial statements for 2022 included?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year ends on December 31st. Audited financial statements of iTAN Franchising, Inc. for the fiscal years ended December 31, 2024, December 31, 2023 and December 31, 2022 are attached to this Disclosure Document as EXHIBIT "G".
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022 are attached to the Disclosure Document as EXHIBIT "G".
This indicates that Itan provides a three-year history of its financial performance, which is a common practice in franchising. Reviewing these statements allows potential franchisees to assess Itan's financial stability and performance trends over time. The inclusion of audited statements suggests a higher level of scrutiny and reliability compared to unaudited statements.
Prospective franchisees should carefully examine these financial statements, paying close attention to revenue, expenses, profits, and any significant changes or trends. It is also advisable to consult with a financial advisor to fully understand the implications of Itan's financial performance before making an investment decision.