As of this Itan FDD, are financial statements for 2024 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 the 2025 Itan Franchise Disclosure Document, audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022 are included. These statements are attached to the Disclosure Document as EXHIBIT "G".
It is standard practice for franchisors to include several years of financial statements in their FDDs. This allows prospective franchisees to review the financial health and performance of the franchisor over time. The inclusion of financial statements for 2024, 2023, and 2022 in Itan's 2025 FDD suggests that Itan is providing potential franchisees with up-to-date financial information to assist them in making an informed investment decision.
Prospective franchisees should carefully review these financial statements and consult with a financial advisor to understand Itan's financial performance, stability, and any potential risks or liabilities. Understanding the franchisor's financial position is a crucial part of the due diligence process before investing in a franchise.