As of this Itan FDD, are financial statements for 2023 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 document as Exhibit "G". This indicates that the FDD includes financial statements for 2023.
It is standard practice for franchisors to include several years of audited financial statements in their FDDs to give potential franchisees an overview of the franchisor's financial health. The inclusion of these statements allows prospective franchisees to review Itan's financial performance over the past three years and assess the company's stability and profitability.
As a prospective franchisee, it is important to carefully review these financial statements and consult with a financial advisor to fully understand Itan's financial position. This review should include an examination of the balance sheets, income statements, statements of cash flow, and accompanying notes to gain a comprehensive understanding of the franchisor's financial performance and any potential risks or liabilities.