How many years of financial statements are included for Itan in the FDD?
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 Itan's 2025 Franchise Disclosure Document, the company includes audited financial statements for the past three fiscal years. Specifically, the FDD includes financial statements for the years ending December 31, 2024, December 31, 2023, and December 31, 2022. These statements are included as Exhibit "G" to the Disclosure Document.
For a prospective franchisee, this means they have access to three years of Itan's financial performance to review. This information is crucial for assessing the financial stability and historical performance of the franchisor. Reviewing these statements can help potential franchisees understand Itan's revenue trends, profitability, and overall financial health.
It is important for potential franchisees to carefully examine these financial statements and consider seeking professional advice from a financial advisor or accountant. This will help in making an informed decision about investing in an Itan franchise. Understanding the franchisor's financial history is a key step in evaluating the risks and opportunities associated with the franchise.