What does 'FPR' stand for in the Itan Franchise Disclosure Document?

According to Itan's 2025 Franchise Disclosure Document, 'FPR' stands for the financial performance representation set forth in Item 19 of the document. This definition is crucial for understanding Item 19, which provides potential franchisees with information about the financial performance of existing Itan salons.

The document emphasizes that Itan is permitted to provide data regarding the actual or potential financial performance of its franchised or company-owned outlets, provided there is a reasonable basis for the information. This information must be included in the Disclosure Document. Any financial performance information that deviates from what is presented in Item 19 is only permissible if Itan provides the actual records of an existing outlet that the prospective franchisee is considering buying, or if Itan supplements the information in Item 19 with details about possible performance at a specific location or under particular circumstances.

It is important for prospective Itan franchisees to carefully review Item 19 and understand the meaning of 'FPR' to accurately interpret the financial performance data presented. This data can help franchisees make informed decisions about their investment and business planning. Additionally, the document notes that written substantiation for the financial performance representation will be made available to you upon your reasonable written request.