How many Itan franchise locations opened in 2022?
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, the number of franchise locations that opened in 2022 is not clearly specified. The table provided in Item 23 includes a row for "Opened franchise locations" for the year 2022, but the corresponding cell contains the characters ":=", which do not represent a numerical value.
This lack of a specific number could be an oversight or indicate that no new Itan franchises opened during that year. Prospective franchisees should verify this information with Itan to understand the brand's growth trajectory and market dynamics accurately. Understanding the number of new openings, closures, and transfers is crucial for assessing the stability and expansion potential of the Itan franchise system.
It is important for potential franchisees to conduct thorough due diligence, including clarifying any ambiguous or missing information in the FDD, to make informed investment decisions. Contacting current and former franchisees can also provide valuable insights into the franchisor's operations and the overall health of the franchise system.