How many Itan franchise locations were open at the end of 2023?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Franchise locations, beginning of year | 31 | 31 |
| Opened franchise locations | - | := |
| Closed franchise locations | 2 | - |
| Franchise locations, end of year | 29 | 31 |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, there were 29 franchise locations open at the end of 2023. This number reflects a decrease from the 31 locations open at the beginning of the year. During 2023, two Itan franchise locations closed.
It is important to note that no new franchise locations opened during 2023. This lack of growth, combined with the closures, resulted in a net decrease in the number of operating Itan franchises. A prospective franchisee should inquire about the reasons for these closures and the strategies Itan has in place to support existing franchisees and attract new ones.
Understanding the dynamics of franchise openings and closures is crucial for potential investors. While the FDD provides historical data, future performance may vary. Investigating the factors that contributed to the 2023 results will help a prospective franchisee assess the risks and opportunities associated with investing in an Itan franchise.