How many Itan franchised outlets were terminated in 2024?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Termin ations | Non Renewals | Reacquired by Franchisor | Ceased Operations - Other Reasons | Outlets at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 23 | 3 | 0 | 0 | 0 | 0 | 26 | |
| Totals | 2023 | 26 | 0 | 0 | 0 | 0 | 2 | 24 |
| 2024 | 24 | 5 | 0 | 0 | 0 | 1 | 28 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–43)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, there were zero terminations of franchised outlets in 2024. The FDD provides a table outlining the status of franchised outlets from 2022 to 2024, showing the number of outlets at the start of the year, outlets opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and outlets at the end of the year.
Specifically, for 2024, the table indicates that there were 24 franchised outlets at the start of the year, 5 outlets opened, and zero terminations. This means no Itan franchises were terminated during that year. The table also shows that there were no non-renewals or re acquisitions by the franchisor, but one outlet ceased operations for other reasons, resulting in 28 outlets at the end of 2024.
Prospective franchisees can find this information helpful in assessing the stability and performance of Itan franchises. A low number of terminations suggests that franchisees are generally successful and satisfied with their businesses. However, it's important to consider other factors, such as the number of outlets that ceased operations for other reasons, to get a complete picture of franchise performance. Additionally, potential franchisees should investigate the reasons behind any outlet closures to understand any potential risks or challenges associated with owning an Itan franchise.