What was the net change in the total number of Itan outlets during 2024?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| TABLE 1 - SYSTEM-WIDE OUTLET SUMMARY FOR YEARS 2022 TO 2024 | ||||
|---|---|---|---|---|
| Outlet Type | Year | Net Change | ||
| Franchised | 2022 | 23 | 26 | +3 |
| 2023 | 26 | 24 | -2 | |
| 2024 | 24 | 28 | +4 | |
| Company-Owned | 2022 | 8 | 5 | -3 |
| 2023 | 5 | 5 | 0 | |
| 2024 | 5 | 0 | -5 | |
| Total Outlets | 2022 | 31 | 31 | 0 |
| 2023 | 31 | 29 | -2 | |
| 2024 TABLE 2 - TRANSFERS OF OUTLETS FROM FRANCHISEES TO NEW OWNERS (OTHER THAN THE FRANCHISOR) FOR YEARS 2022 TO 2024 State | 29 | 28 | -1 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 42–43)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the net change in the total number of outlets during 2024 was -1. This is derived from the system-wide outlet summary which includes both franchised and company-owned locations.
The FDD provides a detailed breakdown of these changes. For franchised outlets, the net change was +4, resulting from an increase from 24 to 28 locations. However, company-owned outlets experienced a net change of -5, decreasing from 5 to 0 locations.
When these figures are combined, the total net change for all Itan outlets in 2024 was -1. This indicates a slight contraction in the overall number of Itan locations, driven primarily by the reduction in company-owned stores despite growth in the number of franchise locations.